Onespan (NASDAQ:OSPN – Get Free Report) posted its earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23, Zacks reports. Onespan had a net margin of 28.47% and a return on equity of 18.03%.
Onespan Price Performance
Shares of NASDAQ OSPN traded up $0.34 during mid-day trading on Tuesday, hitting $16.21. The company had a trading volume of 510,260 shares, compared to its average volume of 564,441. Onespan has a 12 month low of $10.07 and a 12 month high of $16.44. The firm has a market cap of $600.90 million, a P/E ratio of 8.96, a PEG ratio of 1.38 and a beta of 1.53. The business’s 50-day simple moving average is $14.63 and its 200-day simple moving average is $12.49.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on OSPN shares. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Onespan in a research note on Thursday, June 25th. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, DA Davidson restated a “neutral” rating and issued a $12.00 price objective on shares of Onespan in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Onespan currently has an average rating of “Hold” and an average target price of $16.67.
Insider Transactions at Onespan
In related news, CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was 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 $1,315,210.10. The trade was a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.
Institutional Trading of Onespan
Several institutional investors have recently modified their holdings of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the period. Comerica Bank lifted its position in Onespan by 455.2% in the first 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 period. Global Retirement Partners LLC bought a new position in Onespan in the fourth quarter worth $50,000. Advisors Asset Management Inc. boosted its stake in Onespan by 12,342.3% during the fourth quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock worth $83,000 after buying an additional 6,418 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Onespan by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after buying an additional 3,816 shares during the period. 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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