Onespan (NASDAQ:OSPN – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $15.00 price target on the stock. Rosenblatt Securities’ target price points to a potential upside of 10.95% from the stock’s current price.
OSPN has been the subject of several other reports. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. DA Davidson dropped their price objective on shares of 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 lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Onespan presently has an average rating of “Hold” and an average price target of $16.67.
Get Our Latest Research Report on OSPN
Onespan Trading Down 0.3%
Onespan (NASDAQ:OSPN – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The firm had revenue of $65.95 million for the quarter, compared to the consensus estimate of $62.40 million. As a group, research analysts predict that Onespan will post 1.02 earnings per share for the current year.
Insider Transactions at Onespan
In other news, CFO Jorge Garcia Martell sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the transaction, the chief financial officer directly owned 91,018 shares in the company, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Onespan
Several institutional investors have recently modified their holdings of OSPN. Comerica Bank boosted its position in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the last quarter. Royal Bank of Canada boosted its holdings in Onespan by 37.0% during the first quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock worth $1,036,000 after buying an additional 18,328 shares during the last quarter. Rhumbline Advisers grew its position in shares of Onespan by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock worth $977,000 after buying an additional 4,027 shares during the period. American Century Companies Inc. grew its position in shares of Onespan by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock worth $1,572,000 after buying an additional 11,032 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Onespan by 85.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company’s stock valued at $1,076,000 after acquiring an additional 29,738 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
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.
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