Onespan (NASDAQ:OSPN – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
A number of other equities analysts also recently weighed in on OSPN. DA Davidson upped their price target on shares of Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Rosenblatt Securities cut Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Tuesday, October 27th. Weiss Ratings upgraded Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Finally, B. Riley Financial boosted their target price on Onespan from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Two investment 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.com, the stock has an average rating of “Hold” and a consensus price target of $24.00.
Check Out Our Latest Stock Analysis on Onespan
Onespan Stock Performance
Shares of OSPN opened at $21.59 on Friday. The company has a market capitalization of $796.67 million, a PE ratio of 11.93, a PEG ratio of 1.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.35. The company’s 50 day moving average price is $18.58 and its 200 day moving average price is $14.35. Onespan has a 52 week low of $10.07 and a 52 week high of $27.45.
Onespan (NASDAQ:OSPN – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $63.89 million during the quarter, compared to the consensus estimate of $57.43 million. Onespan had a net margin of 27.52% and a return on equity of 15.96%. Research analysts expect that Onespan will post 1.08 EPS for the current fiscal year.
Institutional Trading of Onespan
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Onespan during the second quarter worth $59,607,000. Legal & General Group Plc acquired a new stake in shares of Onespan in the second quarter worth about $31,248,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Onespan by 94.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock worth $13,355,000 after buying an additional 617,092 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Onespan in the second quarter worth about $7,272,000. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $15,421,000 after acquiring an additional 349,648 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.
Onespan Company Profile
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.
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