Onespan Inc (NASDAQ:OSPN) Receives Average Rating of “Hold” from Analysts

Shares of Onespan Inc (NASDAQ:OSPN) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.6667.

Several analysts have recently commented on the company. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. DA Davidson reissued a “neutral” rating and set a $12.00 price objective on shares of Onespan in a report on Tuesday, June 30th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 price objective on shares of Onespan in a research report on Thursday, June 25th.

Insider Activity

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the transaction, the chief financial officer directly owned 91,018 shares in the company, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 900 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Onespan in the 4th quarter valued at about $32,000. Comerica Bank boosted its stake in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after acquiring an additional 2,021 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Onespan in the 4th quarter worth $50,000. Finally, Advisors Asset Management Inc. boosted its holdings in Onespan by 12,342.3% during the fourth quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock worth $83,000 after buying an additional 6,418 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

Onespan Price Performance

NASDAQ OSPN opened at $15.48 on Friday. The stock’s 50 day simple moving average is $14.57 and its 200 day simple moving average is $12.48. Onespan has a one year low of $10.07 and a one year high of $16.44. The firm has a market cap of $573.84 million, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $65.95 million during the quarter, compared to the consensus estimate of $62.40 million. Onespan had a return on equity of 18.03% and a net margin of 28.47%. As a group, equities analysts expect that Onespan will post 1.02 earnings per share for the current year.

Onespan Company Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.