Onespan Inc (NASDAQ:OSPN – Get Free Report) CFO Jorge Martell sold 8,000 shares of Onespan stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $22.04, for a total transaction of $176,320.00. Following the completion of the transaction, the chief financial officer owned 86,421 shares of the company’s stock, valued at $1,904,718.84. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Onespan Stock Performance
NASDAQ OSPN opened at $22.43 on Friday. The company’s 50 day moving average is $19.06 and its 200-day moving average is $14.55. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $27.45. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02. The firm has a market cap of $827.67 million, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.52.
Onespan (NASDAQ:OSPN – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Onespan had a net margin of 27.52% and a return on equity of 15.96%. The company had revenue of $63.89 million during the quarter, compared to the consensus estimate of $57.43 million. Sell-side analysts predict that Onespan Inc will post 1.08 earnings per share for the current year.
Onespan Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. Onespan’s dividend payout ratio is currently 28.73%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. DA Davidson raised their price target on Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Rosenblatt Securities lowered Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, October 27th. Weiss Ratings raised Onespan from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Wall Street Zen raised Onespan from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, B. Riley Financial raised their target price on Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Two research 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, Onespan currently has an average rating of “Hold” and a consensus price target of $24.00.
Read Our Latest Research Report on Onespan
Institutional Trading of Onespan
Several institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in shares of Onespan by 788.1% during the 3rd quarter. First Trust Advisors LP now owns 1,436,801 shares of the company’s stock valued at $25,733,000 after acquiring an additional 1,275,018 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Onespan during the third quarter worth about $326,000. Ieq Capital LLC grew its holdings in shares of Onespan by 7.4% during the third quarter. Ieq Capital LLC now owns 122,327 shares of the company’s stock worth $2,191,000 after purchasing an additional 8,413 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Onespan by 25.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,500 shares of the company’s stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Onespan by 483.0% in the third quarter. Fifth Third Bancorp now owns 1,784 shares of the company’s stock worth $32,000 after purchasing an additional 1,478 shares during the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
About Onespan
OneSpan Inc. provides cybersecurity and digital agreement solutions that help organizations protect digital interactions and transactions. Its offerings are used by financial institutions, government agencies and other businesses to support secure access, identity verification and digital workflows. The company’s products include authentication tools, such as hardware and software-based security credentials, and OneSpan Sign, an electronic signature solution. OneSpan also offers software and services for managing digital agreements and securing transactions across online and mobile channels.
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