Onespan Inc (NASDAQ:OSPN) Receives $16.67 Average PT from Analysts

Shares of Onespan Inc (NASDAQ:OSPNGet Free Report) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $19.00.

OSPN has been the topic of a number of research reports. Weiss Ratings upgraded Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Rosenblatt Securities increased their target price on Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, DA Davidson upped their price objective on Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday.

Check Out Our Latest Report on Onespan

Insider Buying and Selling

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the 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 completion of the sale, the chief financial officer owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Institutional Trading of Onespan

Several hedge funds have recently modified their holdings of OSPN. Meeder Asset Management Inc. acquired a new position in shares of Onespan during the second quarter worth approximately $176,000. BlackRock Inc. acquired a new stake in Onespan in the 2nd quarter valued at $59,607,000. Deutsche Bank AG bought a new stake in Onespan during the 2nd quarter valued at $575,000. Global Retirement Partners LLC bought a new stake in Onespan during the 2nd quarter valued at $61,000. Finally, Bank of New York Mellon Corp acquired a new position in Onespan during the second quarter worth $7,272,000. Institutional investors own 95.52% of the company’s stock.

Onespan Price Performance

OSPN stock opened at $16.78 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. Onespan has a 12 month low of $10.07 and a 12 month high of $18.48. The firm has a market cap of $618.38 million, a P/E ratio of 9.43, a P/E/G ratio of 1.46 and a beta of 1.53. The company’s 50-day moving average price is $14.83 and its two-hundred day moving average price is $12.61.

Onespan (NASDAQ:OSPNGet Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The company had revenue of $60.47 million during the quarter, compared to analysts’ expectations of $58.25 million. On average, analysts anticipate that Onespan will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th. Onespan’s dividend payout ratio (DPR) is 29.21%.

Onespan Company Profile

(Get Free Report)

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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Analyst Recommendations for Onespan (NASDAQ:OSPN)

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