Analysts Issue Forecasts for OneSpan Inc.’s Q2 2024 Earnings (NASDAQ:OSPN)

OneSpan Inc. (NASDAQ:OSPN) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for OneSpan in a report issued on Friday, May 3rd. DA Davidson analyst R. Kessinger forecasts that the company will post earnings per share of $0.12 for the quarter. DA Davidson currently has a “Neutral” rating and a $12.50 target price on the stock. The consensus estimate for OneSpan’s current full-year earnings is $0.71 per share. DA Davidson also issued estimates for OneSpan’s FY2025 earnings at $0.93 EPS.

Several other brokerages have also recently issued reports on OSPN. Craig Hallum raised their target price on shares of OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday. Sidoti lowered shares of OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Tuesday, April 2nd. Finally, StockNews.com downgraded shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.83.

OneSpan Trading Up 13.2 %

Shares of OneSpan stock opened at $12.39 on Monday. The stock’s fifty day moving average price is $10.64 and its 200-day moving average price is $10.20. The firm has a market cap of $468.96 million, a P/E ratio of -68.83 and a beta of 0.82. OneSpan has a 12 month low of $7.64 and a 12 month high of $17.20.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. OneSpan had a positive return on equity of 6.10% and a negative net margin of 3.29%. The company had revenue of $62.93 million for the quarter.

Institutional Investors Weigh In On OneSpan

Several institutional investors and hedge funds have recently made changes to their positions in the stock. TFO Wealth Partners LLC boosted its position in 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 buying an additional 3,498 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of OneSpan by 64.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock valued at $56,000 after acquiring an additional 2,027 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of OneSpan in the fourth quarter worth $95,000. SG Americas Securities LLC acquired a new stake in shares of OneSpan in the fourth quarter worth $112,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of OneSpan by 100.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock worth $129,000 after purchasing an additional 5,578 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael J. Mcconnell acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the acquisition, the director now directly owns 73,849 shares in the company, valued at approximately $725,935.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.78% 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.