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

Onespan Inc (NASDAQ:OSPN) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.6667.

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

Institutional Investors Weigh In On Onespan

A number of institutional investors have recently added to or reduced their stakes in OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares in the last quarter. Register Financial Advisors LLC raised its stake in Onespan by 2.3% in the 4th quarter. Register Financial Advisors LLC now owns 68,628 shares of the company’s stock worth $881,000 after acquiring an additional 1,521 shares during the last quarter. Deutsche Bank AG lifted its position in Onespan by 4.7% during the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock worth $431,000 after acquiring an additional 1,522 shares during the period. Hohimer Wealth Management LLC increased its holdings in shares of Onespan by 13.0% in the third quarter. Hohimer Wealth Management LLC now owns 13,642 shares of the company’s stock valued at $217,000 after purchasing an additional 1,572 shares during the period. Finally, Amundi increased its stake in shares of Onespan by 10.0% in the fourth quarter. Amundi now owns 18,463 shares of the company’s stock worth $237,000 after acquiring an additional 1,676 shares during the period. Institutional investors own 95.52% of the company’s stock.

Onespan Price Performance

Shares of NASDAQ OSPN opened at $10.50 on Thursday. Onespan has a 1-year low of $10.16 and a 1-year high of $18.13. The business’s 50 day moving average is $11.82 and its two-hundred day moving average is $13.33. The stock has a market capitalization of $393.44 million, a P/E ratio of 5.59, a PEG ratio of 0.88 and a beta of 1.54.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $59.78 million. As a group, equities research analysts anticipate that Onespan will post 1.11 earnings per share for the current fiscal year.

Onespan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.13 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from Onespan’s previous quarterly dividend of $0.12. Onespan’s dividend payout ratio (DPR) is 25.53%.

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.