Onespan (NASDAQ:OSPN) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Onespan (NASDAQ:OSPN) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. Finally, DA Davidson cut their target price on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.67.

Onespan Price Performance

Shares of OSPN stock opened at $10.97 on Tuesday. The business has a 50-day moving average of $11.78 and a 200 day moving average of $13.32. Onespan has a 1-year low of $10.16 and a 1-year high of $18.13. The stock has a market capitalization of $411.05 million, a PE ratio of 5.84, a P/E/G ratio of 0.96 and a beta of 1.54.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. The firm had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. Onespan had a return on equity of 19.58% and a net margin of 29.98%. Analysts anticipate that Onespan will post 1.11 EPS for the current year.

Onespan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Onespan’s previous quarterly dividend of $0.12. Onespan’s payout ratio is presently 25.53%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Onespan during the third quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 900 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Onespan during the 4th quarter valued at $32,000. Comerica Bank grew its position in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of Onespan in the 4th quarter worth about $50,000. Institutional investors own 95.52% of the company’s stock.

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.