Onespan (NASDAQ:OSPN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Onespan (NASDAQ:OSPN) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

OSPN has been the subject of several other reports. B. Riley Financial upped their target price on Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Rosenblatt Securities cut shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, October 27th. Weiss Ratings raised shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Finally, DA Davidson boosted their price target on shares of Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Onespan Stock Up 4.6%

OSPN opened at $22.59 on Friday. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $27.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.35. The company has a fifty day moving average of $18.70 and a two-hundred day moving average of $14.40. The stock has a market capitalization of $833.57 million, a price-to-earnings ratio of 12.48, a PEG ratio of 1.99 and a beta of 1.52.

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

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 13th. Onespan’s payout ratio is presently 28.73%.

Insider Transactions at Onespan

In other Onespan news, General Counsel Lara Mataac sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the completion of the sale, the general counsel directly owned 71,060 shares in the company, valued at approximately $1,618,036.20. The trade was a 6.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Onespan

Several hedge funds and other institutional investors have recently made changes to their positions in OSPN. BlackRock Inc. purchased a new stake in shares of Onespan during the second quarter worth approximately $59,607,000. Legal & General Group Plc acquired a new position in Onespan in the 2nd quarter valued at $31,248,000. Arrowstreet Capital Limited Partnership raised its stake in Onespan by 94.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after purchasing an additional 617,092 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Onespan in the 2nd quarter valued at $7,272,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Onespan by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after purchasing an additional 349,648 shares in the last quarter. 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.