Onespan Inc (NASDAQ:OSPN) Given Consensus Rating of “Hold” by Analysts

Shares of Onespan Inc (NASDAQ:OSPN) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.6667.

OSPN has been the topic of several analyst reports. Weiss Ratings upgraded Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. DA Davidson decreased their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Finally, Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction dated 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 owned 110,218 shares in the company, valued at approximately $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OSPN. Comerica Bank increased its holdings in shares of Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. Royal Bank of Canada increased its holdings in Onespan by 37.0% during the 1st quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock valued at $1,036,000 after purchasing an additional 18,328 shares during the period. Rhumbline Advisers increased its holdings in Onespan by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock valued at $977,000 after purchasing an additional 4,027 shares during the period. American Century Companies Inc. increased its holdings in Onespan by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock valued at $1,572,000 after purchasing an additional 11,032 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Onespan by 85.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company’s stock valued at $1,076,000 after purchasing an additional 29,738 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Price Performance

NASDAQ OSPN opened at $13.12 on Tuesday. The stock’s 50-day simple moving average is $11.34 and its two-hundred day simple moving average is $11.78. Onespan has a twelve month low of $10.07 and a twelve month high of $18.13. The company has a market capitalization of $486.36 million, a price-to-earnings ratio of 7.25, a PEG ratio of 1.20 and a beta of 1.47.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $65.95 million for 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%. On average, equities analysts expect that Onespan will post 1 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.13 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.52 annualized dividend and a dividend yield of 4.0%. Onespan’s payout ratio is currently 28.73%.

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.