Onespan Inc (NASDAQ:OSPN) Stock Has Consensus Price Target of $22.00

Onespan Inc (NASDAQ:OSPN) has received an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings 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 1 year price objective among analysts that have issued ratings on the stock in the last year is $24.00.

A number of equities research analysts recently commented on OSPN shares. Rosenblatt Securities downgraded Onespan from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Tuesday, October 27th. DA Davidson lifted their price objective on Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Weiss Ratings upgraded Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. Finally, B. Riley Financial raised their price objective on shares of Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 30th.

Onespan Trading Down 7.4%

Shares of NASDAQ:OSPN opened at $21.90 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 1.24. The firm has a market capitalization of $808.11 million, a P/E ratio of 12.10, a P/E/G ratio of 1.99 and a beta of 1.52. The business’s 50-day moving average is $18.48 and its 200 day moving average is $14.30. Onespan has a 1 year low of $10.07 and a 1 year high of $27.45.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $63.89 million during the quarter, compared to analyst estimates of $57.43 million. Onespan had a net margin of 27.52% and a return on equity of 15.96%. On average, research analysts predict that Onespan will post 1.08 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, November 13th. This represents a $0.52 dividend on an annualized basis and a yield of 2.4%. Onespan’s dividend payout ratio is currently 28.73%.

Institutional Trading of Onespan

A number of institutional investors and hedge funds have recently modified their holdings of OSPN. Bank of America Corp DE purchased a new stake in Onespan in the 2nd quarter valued at $894,000. Y Intercept Hong Kong Ltd grew its stake in shares of Onespan by 858.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 119,419 shares of the company’s stock valued at $1,257,000 after buying an additional 106,960 shares during the period. Legal & General Group Plc acquired a new stake in shares of Onespan during the 2nd quarter worth approximately $31,248,000. Ieq Capital LLC acquired a new stake in shares of Onespan during the 2nd quarter worth approximately $1,635,000. Finally, Bank of New York Mellon Corp acquired a new position in Onespan in the second quarter valued at approximately $7,272,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

About Onespan

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.