Onespan Inc (NASDAQ:OSPN) Receives Consensus Rating of “Hold” from Brokerages

Onespan Inc (NASDAQ:OSPN) has been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.6667.

OSPN has been the topic of several research analyst reports. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. DA Davidson reissued a “neutral” rating and issued a $12.00 target price on shares of Onespan in a research note on Tuesday, June 30th. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Onespan in a report on Thursday, June 25th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th.

Insider Transactions at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the transaction, the chief financial officer owned 91,018 shares of the company’s stock, valued at $1,315,210.10. The trade was a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Onespan

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in shares of Onespan by 0.3% during the fourth quarter. Legal & General Group Plc now owns 2,300,817 shares of the company’s stock valued at $29,542,000 after acquiring an additional 7,610 shares during the period. First Trust Advisors LP increased its holdings in shares of Onespan by 25.1% in the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock worth $34,023,000 after acquiring an additional 428,983 shares during the period. Ameriprise Financial Inc. lifted its position in Onespan by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,099,709 shares of the company’s stock valued at $33,364,000 after purchasing an additional 69,138 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Onespan by 31.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after purchasing an additional 349,648 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Onespan by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,266 shares of the company’s stock worth $22,171,000 after purchasing an additional 22,135 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

Onespan Stock Down 1.8%

Shares of Onespan stock opened at $14.82 on Wednesday. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The business’s fifty day moving average is $13.43 and its two-hundred day moving average is $12.16. The firm has a market cap of $549.38 million, a PE ratio of 8.19, a P/E/G ratio of 1.34 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The business had revenue of $65.95 million for the quarter, compared to analyst estimates of $62.40 million. Equities research analysts anticipate that Onespan will post 1.02 EPS for the current year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, May 14th. Onespan’s dividend payout ratio is 28.73%.

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.