Onespan Inc (NASDAQ:OSPN) was the target of some unusual options trading activity on Tuesday. Investors acquired 2,213 call options on the company. This is an increase of 1,328% compared to the average volume of 155 call options.
Shares of OSPN traded up $0.61 during trading hours on Tuesday, hitting $27.59. The company had a trading volume of 18,007 shares, compared to its average volume of 489,937. The firm has a fifty day moving average price of $21.37 and a 200-day moving average price of $18.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.76 and a current ratio of 3.03. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 74.65, a P/E/G ratio of 5.63 and a beta of 1.05. Onespan has a 52-week low of $10.88 and a 52-week high of $27.24.
Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11. Onespan had a return on equity of 10.91% and a net margin of 5.53%. The firm had revenue of $56.50 million during the quarter, compared to analyst estimates of $50.35 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. Onespan’s quarterly revenue was up 18.7% compared to the same quarter last year. Research analysts anticipate that Onespan will post 0.47 earnings per share for the current fiscal year.
In other Onespan news, Director T Kendall Hunt sold 192,631 shares of Onespan stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $19.35, for a total transaction of $3,727,409.85. Following the transaction, the director now directly owns 5,154,658 shares of the company’s stock, valued at $99,742,632.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marc Boroditsky purchased 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $17.25 per share, for a total transaction of $51,750.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $51,750. The disclosure for this purchase can be found here. Insiders sold 694,878 shares of company stock worth $13,788,520 over the last ninety days. 18.00% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Onespan by 5.7% during the 1st quarter. State Street Corp now owns 1,073,389 shares of the company’s stock valued at $19,482,000 after buying an additional 57,695 shares in the last quarter. Royal Bank of Canada increased its holdings in Onespan by 200.4% in the 1st quarter. Royal Bank of Canada now owns 13,685 shares of the company’s stock valued at $248,000 after acquiring an additional 9,130 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in Onespan by 21.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 90,433 shares of the company’s stock valued at $1,641,000 after acquiring an additional 15,815 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in Onespan by 67.1% in the 1st quarter. State of Tennessee Treasury Department now owns 16,513 shares of the company’s stock valued at $299,000 after acquiring an additional 6,633 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its holdings in Onespan by 92.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 64,449 shares of the company’s stock valued at $1,170,000 after acquiring an additional 31,003 shares during the last quarter. Institutional investors and hedge funds own 68.93% of the company’s stock.
Several brokerages have recently issued reports on OSPN. BidaskClub upgraded shares of Onespan from a “buy” rating to a “strong-buy” rating in a report on Saturday. Needham & Company LLC raised their target price on shares of Onespan from $24.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Sidoti raised their target price on shares of Onespan from $23.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. ValuEngine cut shares of Onespan from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of Onespan in a report on Friday, March 27th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $25.40.
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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