Onespan (NASDAQ:OSPN) Cut to “Neutral” at Rosenblatt Securities

Rosenblatt Securities downgraded shares of Onespan (NASDAQ:OSPN – Free Report) from a buy rating to a neutral rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has $18.00 price target on the stock.

Several other research firms also recently weighed in on OSPN. Weiss Ratings upgraded shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. DA Davidson boosted their price objective on shares of Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.00.

Get Our Latest Stock Report on OSPN

Onespan Trading Up 0.3%

Shares of NASDAQ:OSPN opened at $20.15 on Tuesday. The stock has a market capitalization of $742.53 million, a price-to-earnings ratio of 11.32, a PEG ratio of 1.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33. The stock’s 50-day simple moving average is $17.61 and its two-hundred day simple moving average is $14.00. Onespan has a 52-week low of $10.07 and a 52-week high of $20.82.

Onespan (NASDAQ:OSPN – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Onespan had a return on equity of 16.91% and a net margin of 27.76%. The business had revenue of $63.89 million during the quarter, compared to the consensus estimate of $57.43 million. Analysts expect that Onespan will post 1.05 EPS for the current year.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 14th. Onespan’s payout ratio is presently 29.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Onespan during the 2nd quarter worth approximately $36,000. Global Retirement Partners LLC purchased a new position in Onespan during the second quarter valued at approximately $61,000. Integrated Wealth Concepts LLC bought a new position in shares of Onespan in the second quarter worth approximately $88,000. GAMMA Investing LLC boosted its position in shares of Onespan by 33.7% in the second quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock worth $100,000 after purchasing an additional 1,755 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Onespan by 224.8% in the third quarter. Signaturefd LLC now owns 8,874 shares of the company’s stock worth $159,000 after purchasing an additional 6,142 shares during the period. 95.52% of the stock is currently owned by institutional investors.

Onespan Company Profile

(Get Free Report)

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.

Further Reading

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