Onespan Inc (NASDAQ:OSPN) Given Average Recommendation of “Hold” by Brokerages

Onespan Inc (NASDAQ:OSPN) has received a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.6667.

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. DA Davidson decreased their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Zacks Research cut shares of Onespan from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Onespan from a “hold” rating to a “buy” rating in a report on Saturday.

Onespan Price Performance

Shares of Onespan stock opened at $10.15 on Monday. The firm has a market cap of $380.29 million, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. Onespan has a 52 week low of $10.07 and a 52 week high of $18.13. The business’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $12.83.

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

Onespan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $0.13 per share. This is an increase from Onespan’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, March 13th. Onespan’s dividend payout ratio (DPR) is 27.66%.

Insider Buying and Selling at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction on 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 directly owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Onespan

Several hedge funds have recently bought and sold shares of OSPN. State of Alaska Department of Revenue purchased a new position in shares of Onespan in the third quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after buying an additional 900 shares during the period. International Assets Investment Management LLC purchased a new stake in Onespan during the 4th quarter worth approximately $32,000. Comerica Bank lifted its holdings in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Onespan in the 4th quarter valued at approximately $50,000. 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.