Onespan (NASDAQ:OSPN) Stock: Insider Lara Mataac Sells 5,000 Shares

Onespan Inc (NASDAQ:OSPN) General Counsel Lara Mataac sold 5,000 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $22.77, for a total value of $113,850.00. Following the completion of the sale, the general counsel directly owned 71,060 shares of the company’s stock, valued at approximately $1,618,036.20. This trade represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Onespan Stock Down 3.0%

OSPN stock opened at $21.92 on Wednesday. The firm has a market capitalization of $808.85 million, a PE ratio of 12.11, a P/E/G ratio of 1.90 and a beta of 1.52. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $27.45. The stock’s 50 day moving average is $18.81 and its 200-day moving average is $14.45.

Onespan (NASDAQ:OSPN) last announced its quarterly 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. The business had revenue of $63.89 million during the quarter, compared to the consensus estimate of $57.43 million. Onespan had a return on equity of 15.96% and a net margin of 27.52%. Sell-side analysts expect that Onespan Inc will post 1.08 EPS for the current fiscal year.

Onespan Announces Dividend

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

Institutional Investors Weigh In On Onespan

Large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in Onespan during the second quarter valued at $894,000. Legal & General Group Plc bought a new stake in shares of Onespan in the second quarter valued at $31,248,000. Ieq Capital LLC bought a new stake in shares of Onespan in the second quarter valued at $1,635,000. Bank of New York Mellon Corp bought a new stake in shares of Onespan in the second quarter valued at $7,272,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Onespan by 31.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after buying an additional 349,648 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Onespan from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. B. Riley Financial raised their price target on shares of Onespan from $22.00 to $32.00 and gave the company a “buy” rating in a research report 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 report on Tuesday, October 27th. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson increased their price objective on shares of Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

Onespan Company Profile

OneSpan Inc. provides cybersecurity and digital agreement solutions that help organizations protect digital interactions and transactions. Its offerings are used by financial institutions, government agencies and other businesses to support secure access, identity verification and digital workflows. The company’s products include authentication tools, such as hardware and software-based security credentials, and OneSpan Sign, an electronic signature solution. OneSpan also offers software and services for managing digital agreements and securing transactions across online and mobile channels.