A number of other brokerages have also recently issued reports on OSPN. Sidoti increased their target price on Onespan from $23.00 to $29.00 and gave the stock a buy rating in a report on Thursday, June 18th. Needham & Company LLC reissued a buy rating and issued a $29.00 price target on shares of Onespan in a research report on Wednesday, August 12th. Finally, Zacks Investment Research lowered Onespan from a hold rating to a sell rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $28.33.
Shares of OSPN opened at $20.25 on Tuesday. Onespan has a 12-month low of $10.88 and a 12-month high of $33.33. The business’s fifty day moving average is $22.43 and its 200 day moving average is $21.26. The stock has a market cap of $816.99 million, a P/E ratio of 53.29, a P/E/G ratio of 6.88 and a beta of 0.89.
Onespan (NASDAQ:OSPN) last issued its earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Onespan had a return on equity of 10.86% and a net margin of 5.72%. The firm had revenue of $54.95 million during the quarter, compared to the consensus estimate of $57.13 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. Onespan’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts anticipate that Onespan will post 0.29 earnings per share for the current fiscal year.
In other news, Director T Kendall Hunt sold 53,547 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $30.03, for a total transaction of $1,608,016.41. Following the completion of the sale, the director now directly owns 4,292,305 shares of the company’s stock, valued at approximately $128,897,919.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 18.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in Onespan by 43.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the company’s stock worth $48,000 after acquiring an additional 805 shares during the last quarter. Strs Ohio purchased a new stake in Onespan in the 2nd quarter worth about $167,000. Captrust Financial Advisors purchased a new stake in Onespan in the 2nd quarter worth about $180,000. Greenwood Capital Associates LLC purchased a new stake in Onespan in the 2nd quarter worth about $201,000. Finally, Arizona State Retirement System purchased a new stake in Onespan in the 2nd quarter worth about $203,000. 77.09% of the stock is owned by hedge funds and other institutional investors.
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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