Onespan (NASDAQ:OSPN) Stock Rating Upgraded by Wall Street Zen

Onespan (NASDAQ:OSPN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research analysts have also commented on OSPN. DA Davidson dropped their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Zacks Research lowered shares of Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Onespan Price Performance

Shares of OSPN opened at $10.15 on Friday. The company has a market capitalization of $380.32 million, a price-to-earnings ratio of 5.40, a P/E/G ratio of 0.97 and a beta of 1.54. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The business’s 50-day moving average is $11.09 and its 200-day moving average is $12.86.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. Onespan had a net margin of 29.98% and a return on equity of 19.58%. Equities research analysts expect that Onespan will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Onespan

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $10.33, for a total value of $154,950.00. Following the completion of the sale, the chief financial officer owned 110,218 shares in the company, valued at approximately $1,138,551.94. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Onespan

Several institutional investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. acquired a new position in Onespan during the third quarter valued at approximately $3,029,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Onespan by 15.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 765,843 shares of the company’s stock valued at $12,782,000 after purchasing an additional 102,243 shares during the last quarter. First Trust Advisors LP grew its stake in Onespan by 16.0% in the 2nd quarter. First Trust Advisors LP now owns 1,712,158 shares of the company’s stock valued at $28,576,000 after buying an additional 236,109 shares during the last quarter. Topline Capital Management LLC bought a new position in Onespan during the 3rd quarter worth $5,549,000. Finally, Clark Estates Inc. NY bought a new position in Onespan during the third quarter worth about $2,479,000. 95.52% of the stock is owned by institutional investors.

About Onespan

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.