Onespan (NASDAQ:OSPN) Stock Price Up 0.7% – Time to Buy?

Onespan Inc (NASDAQ:OSPN – Get Free Report) shares were up 0.7% during trading on Thursday. The company traded as high as $18.25 and last traded at $18.04. Approximately 514,140 shares traded hands during trading, a decline of 8% from the average session volume of 558,602 shares. The stock had previously closed at $17.91.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings raised Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Rosenblatt Securities upped their price target on Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, DA Davidson upped their price target on Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Get Our Latest Research Report on Onespan

Onespan Trading Up 0.7%

The firm has a market capitalization of $664.77 million, a PE ratio of 10.13, a PEG ratio of 1.56 and a beta of 1.59. The firm’s fifty day moving average is $16.55 and its two-hundred day moving average is $14.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23.

Onespan (NASDAQ:OSPN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The business had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million. On average, equities analysts predict that Onespan Inc will post 1.05 EPS for the current fiscal year.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors 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 2.9%. The ex-dividend date of this dividend was Friday, August 14th. Onespan’s dividend payout ratio (DPR) is presently 29.21%.

Institutional Trading of Onespan

A number of hedge funds have recently bought and sold shares of OSPN. BlackRock Inc. bought a new position in Onespan in the 2nd quarter valued at $59,607,000. Legal & General Group Plc bought a new stake in shares of Onespan during the 2nd quarter worth $31,248,000. Dimensional Fund Advisors LP raised 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 purchasing an additional 349,648 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Onespan by 94.8% in the 1st 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. Finally, Bank of New York Mellon Corp purchased a new position in shares of Onespan in the 2nd quarter worth about $7,272,000. 95.52% of the stock is currently owned by institutional investors.

Onespan Company Profile

(Get Free Report)

OneSpan Inc (NASDAQ: OSPN) is a cybersecurity and digital agreement company that helps organizations secure digital transactions, authenticate users and manage electronic signatures. Its solutions are designed to protect access to online services and support trusted digital interactions across web, mobile and other channels.

The company’s product portfolio includes OneSpan Sign, an electronic signature and digital agreement platform, along with authentication products such as hardware and software security tokens, mobile authenticators and transaction-signing solutions.

Further Reading

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