OneSpan (NASDAQ:OSPN – Get Rating) issued its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.05, MarketWatch Earnings reports. OneSpan had a negative return on equity of 10.97% and a negative net margin of 14.26%. The company had revenue of $52.45 million during the quarter, compared to analysts’ expectations of $51.99 million. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis.
Shares of OSPN stock opened at $13.63 on Wednesday. The business’s fifty day simple moving average is $14.10. OneSpan has a 1-year low of $11.93 and a 1-year high of $27.30. The firm has a market capitalization of $545.20 million, a price-to-earnings ratio of -17.70 and a beta of 0.61.
A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in OneSpan by 21.7% during the third quarter. Royal Bank of Canada now owns 3,023 shares of the company’s stock worth $56,000 after acquiring an additional 539 shares during the period. California State Teachers Retirement System grew its holdings in OneSpan by 1.3% during the fourth quarter. California State Teachers Retirement System now owns 46,202 shares of the company’s stock worth $782,000 after acquiring an additional 615 shares during the period. SkyView Investment Advisors LLC acquired a new stake in OneSpan in the fourth quarter valued at $278,000. Geode Capital Management LLC grew its holdings in OneSpan by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 587,750 shares of the company’s stock valued at $9,950,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in OneSpan by 6.8% in the fourth quarter. Wells Fargo & Company MN now owns 67,254 shares of the company’s stock valued at $1,139,000 after purchasing an additional 4,305 shares during the last quarter. 89.50% of the stock is currently owned by hedge funds and other institutional investors.
About OneSpan (Get Rating)
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data signing, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.
- Get a free copy of the StockNews.com research report on OneSpan (OSPN)
- What’s Next For Starbucks (NASDAQ: SBUX)?
- 3 Earnings Plays With Big Move Potential
- There Are Weeds In The Garden At Scotts Miracle-Gro
- It’s Time For FuboTV to Stand Out in the Sea of Streaming
- 3M Stock is Worth a Look Because of the Company it Keeps
Receive News & Ratings for OneSpan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneSpan and related companies with MarketBeat.com's FREE daily email newsletter.