Onespan Inc (NASDAQ:OSPN) Receives $16.67 Consensus PT from Analysts

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

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

Onespan Trading Down 0.7%

Shares of OSPN stock opened at $10.89 on Thursday. The firm’s fifty day moving average price is $11.74 and its two-hundred day moving average price is $13.29. Onespan has a 1 year low of $10.16 and a 1 year high of $18.13. The firm has a market capitalization of $408.05 million, a P/E ratio of 5.79, a PEG ratio of 0.99 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. Onespan had a return on equity of 19.58% and a net margin of 29.98%.The company had revenue of $62.92 million during the quarter, compared to analysts’ expectations of $59.78 million. As a group, equities research analysts forecast that Onespan will post 1.11 EPS for the current fiscal year.

Onespan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.13 dividend. This is a boost from Onespan’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.8%. Onespan’s payout ratio is 25.53%.

Institutional Investors Weigh In On Onespan

A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Onespan in the 3rd quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Onespan by 81.8% in 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. Comerica Bank raised its stake in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Onespan in the fourth quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC bought a new position in shares of Onespan during the 4th quarter worth approximately $50,000. 95.52% of the stock is owned by institutional investors.

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.