Onespan Inc (NASDAQ:OSPN) Short Interest Update

Onespan Inc (NASDAQ:OSPN) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,857,448 shares, a decrease of 19.1% from the December 15th total of 2,296,971 shares. Currently, 4.9% of the shares of the company are short sold. Based on an average daily trading volume, of 603,545 shares, the short-interest ratio is presently 3.1 days. Based on an average daily trading volume, of 603,545 shares, the short-interest ratio is presently 3.1 days. Currently, 4.9% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities analysts have commented on OSPN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. DA Davidson reduced their target price on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Rosenblatt Securities decreased their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Onespan Stock Performance

OSPN stock opened at $11.55 on Wednesday. Onespan has a 52 week low of $11.00 and a 52 week high of $20.36. The company has a market capitalization of $439.25 million, a PE ratio of 7.86 and a beta of 1.50. The company’s 50-day simple moving average is $12.55 and its 200 day simple moving average is $14.13.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Onespan had a net margin of 24.08% and a return on equity of 18.41%. The firm had revenue of $57.06 million during the quarter, compared to the consensus estimate of $58.18 million. On average, analysts forecast that Onespan will post 1.11 EPS for the current year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 annualized dividend and a yield of 4.2%. Onespan’s payout ratio is currently 32.65%.

Insider Activity

In other Onespan news, Director Michael J. Mcconnell bought 50,000 shares of Onespan stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $11.96 per share, for a total transaction of $598,000.00. Following the purchase, the director owned 83,763 shares of the company’s stock, valued at $1,001,805.48. The trade was a 148.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Institutional Trading of Onespan

Several large investors have recently modified their holdings of OSPN. Simcoe Capital Management LLC raised its position in Onespan by 167.5% during the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock valued at $18,970,000 after purchasing an additional 747,578 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Onespan by 25.1% during the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock worth $34,023,000 after buying an additional 428,983 shares in the last quarter. Topline Capital Management LLC acquired a new position in shares of Onespan during the 3rd quarter worth $5,549,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Onespan by 2,674.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 329,202 shares of the company’s stock worth $5,231,000 after buying an additional 317,335 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Onespan by 49.3% in the second quarter. LSV Asset Management now owns 721,249 shares of the company’s stock valued at $12,038,000 after buying an additional 238,041 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

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.