OneSpan (NASDAQ:OSPN) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $215 million-$225 million, compared to the consensus revenue estimate of $220.72 million.

OSPN has been the subject of several research reports. DA Davidson initiated coverage on OneSpan in a research report on Wednesday, March 31st. They set a buy rating and a $35.00 target price for the company. Sidoti raised OneSpan from a neutral rating to a buy rating and set a $39.00 price objective for the company in a report on Wednesday, April 21st. Finally, Zacks Investment Research raised shares of OneSpan from a sell rating to a hold rating in a research note on Wednesday, April 28th.

NASDAQ:OSPN traded down $1.18 during mid-day trading on Tuesday, hitting $25.14. The company had a trading volume of 258,663 shares, compared to its average volume of 250,513. OneSpan has a fifty-two week low of $16.17 and a fifty-two week high of $33.33. The firm has a market cap of $1.01 billion, a P/E ratio of 628.66, a P/E/G ratio of 5.03 and a beta of 0.66. The business’s fifty day moving average is $26.28 and its two-hundred day moving average is $23.51.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings results on Tuesday, May 4th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $50.70 million during the quarter, compared to analyst estimates of $49.10 million. OneSpan had a net margin of 0.62% and a return on equity of 5.75%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, research analysts anticipate that OneSpan will post 0.12 earnings per share for the current year.

In other news, major shareholder T Kendall Hunt acquired 263,400 shares of the stock in a transaction that occurred on Friday, March 26th. The stock was acquired at an average price of $25.07 per share, for a total transaction of $6,603,438.00. Following the transaction, the insider now directly owns 3,638,958 shares in the company, valued at $91,228,677.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.30% of the stock is owned by insiders.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers Trusted Identity Platform, a cloud-based platform to secure users, devices, and transactions across the digital journey; Intelligent Adaptive Authentication, a cloud-based solution that enables banks and other financial institutions to secure users, devices, and transactions; and Risk Analytics, a comprehensive anti-fraud solution.

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Earnings History and Estimates for OneSpan (NASDAQ:OSPN)

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