OneSpan (NASDAQ:OSPN) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of OneSpan (NASDAQ:OSPN) from a hold rating to a buy rating in a report published on Wednesday morning.

Separately, Sidoti downgraded shares of OneSpan from a buy rating to a neutral rating and set a $12.00 price objective for the company. in a report on Tuesday, April 2nd.

OneSpan Price Performance

Shares of NASDAQ:OSPN opened at $10.31 on Wednesday. OneSpan has a one year low of $7.64 and a one year high of $18.61. The company has a market cap of $389.61 million, a price-to-earnings ratio of -13.93 and a beta of 0.80. The firm has a fifty day moving average price of $10.44 and a two-hundred day moving average price of $10.16.

OneSpan (NASDAQ:OSPN) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. The company had revenue of $62.93 million during the quarter. Equities research analysts expect that OneSpan will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In other OneSpan news, Director Michael J. Mcconnell bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the transaction, the director now directly owns 73,849 shares in the company, valued at $725,935.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneSpan

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in shares of OneSpan by 267.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,732 shares of the company’s stock valued at $31,000 after acquiring an additional 1,989 shares during the period. FMR LLC increased its position in shares of OneSpan by 80.0% in the first quarter. FMR LLC now owns 2,084 shares of the company’s stock valued at $36,000 after acquiring an additional 926 shares during the period. TFO Wealth Partners LLC increased its position in shares of OneSpan by 15,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after acquiring an additional 3,498 shares during the period. Tower Research Capital LLC TRC increased its position in shares of OneSpan by 180.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,051 shares of the company’s stock valued at $43,000 after acquiring an additional 3,251 shares during the period. Finally, Point72 Middle East FZE purchased a new position in shares of OneSpan in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements 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 security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.