Onespan Inc (NASDAQ:OSPN) Receives Consensus Recommendation of “Hold” from Analysts

Onespan Inc (NASDAQ:OSPN) has been given an average rating of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.6667.

OSPN has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Onespan from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. DA Davidson reduced their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Onespan from a “hold” rating to a “buy” rating in a report on Saturday.

Onespan Stock Performance

OSPN stock opened at $10.15 on Monday. The stock’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $12.83. Onespan has a 12-month low of $10.07 and a 12-month high of $18.13. The stock has a market capitalization of $380.29 million, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. Onespan had a return on equity of 19.58% and a net margin of 29.98%. On average, research analysts predict that Onespan will post 1.11 earnings per share for the current year.

Onespan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Onespan’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 5.1%. Onespan’s payout ratio is presently 27.66%.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction on Monday, March 16th. The stock was sold at an average price of $10.33, for a total transaction of $154,950.00. Following the completion of the sale, the chief financial officer directly owned 110,218 shares in the company, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Onespan

Hedge funds and other institutional investors have recently modified their holdings of the business. Deprince Race & Zollo Inc. purchased a new position in Onespan during the third quarter worth about $3,029,000. Arrowstreet Capital Limited Partnership raised its position in shares of Onespan by 15.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 765,843 shares of the company’s stock valued at $12,782,000 after buying an additional 102,243 shares during the period. First Trust Advisors LP raised its position in shares of Onespan by 16.0% during the 2nd quarter. First Trust Advisors LP now owns 1,712,158 shares of the company’s stock valued at $28,576,000 after buying an additional 236,109 shares during the period. Topline Capital Management LLC acquired a new position in Onespan in the third quarter valued at approximately $5,549,000. Finally, Clark Estates Inc. NY acquired a new position in Onespan in the third quarter valued at approximately $2,479,000. 95.52% of the stock is currently owned by institutional investors.

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.