Onespan Inc (NASDAQ:OSPN) Receives $16.67 Average PT from Analysts

Onespan Inc (NASDAQ:OSPN) has been given a consensus rating of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.6667.

OSPN has been the topic of a number of recent analyst reports. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, DA Davidson reduced their price target on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Onespan

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Onespan by 29.4% during the first quarter. Bank of America Corp DE now owns 105,620 shares of the company’s stock worth $1,112,000 after acquiring an additional 24,018 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Onespan by 206.1% in the 1st quarter. Quantinno Capital Management LP now owns 68,819 shares of the company’s stock valued at $725,000 after purchasing an additional 46,336 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Onespan by 33.2% in the 1st quarter. Lazard Asset Management LLC now owns 352,643 shares of the company’s stock valued at $3,713,000 after purchasing an additional 87,815 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Onespan in the 1st quarter valued at about $356,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Onespan by 15.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 56,750 shares of the company’s stock valued at $598,000 after purchasing an additional 7,650 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Onespan Stock Performance

OSPN stock opened at $13.73 on Friday. Onespan has a one year low of $10.07 and a one year high of $18.13. The company’s fifty day moving average price is $12.61 and its 200-day moving average price is $12.01. The company has a market capitalization of $508.97 million, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.53.

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

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, May 14th. Onespan’s dividend payout ratio is presently 28.73%.

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.