Onespan (NASDAQ:OSPN) Raised to Buy at Wall Street Zen

Onespan (NASDAQ:OSPN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other equities analysts have also commented on the company. DA Davidson dropped their target price on Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. Finally, Zacks Research cut Onespan from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.67.

Onespan Stock Performance

Shares of NASDAQ OSPN opened at $10.15 on Friday. The firm has a market cap of $380.29 million, a P/E ratio of 5.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. Onespan has a 1 year low of $10.07 and a 1 year high of $18.13. The firm’s 50 day moving average price is $11.09 and its 200 day moving average price is $12.83.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. Onespan had a return on equity of 19.58% and a net margin of 29.98%.The company had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. As a group, equities analysts predict that Onespan will post 1.11 EPS for the current year.

Insider Buying and Selling at Onespan

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $10.33, for a total value of $154,950.00. Following the transaction, the chief financial officer directly owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Onespan

A number of institutional investors have recently added to or reduced their stakes in OSPN. State of Alaska Department of Revenue purchased a new position in shares of Onespan in the 3rd quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 900 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Onespan during the 4th quarter worth about $32,000. Comerica Bank increased its position in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Onespan during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

About Onespan

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.