Onespan Inc (NASDAQ:OSPN) Given Consensus Rating of “Hold” by Analysts

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

A number of equities research analysts have commented on OSPN shares. Weiss Ratings downgraded shares of Onespan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. DA Davidson cut their target price on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd.

Insider Transactions at Onespan

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were 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. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Trading of Onespan

Several large investors have recently added to or reduced their stakes in OSPN. State of Alaska Department of Revenue bought a new stake in Onespan during the third quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew 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 Onespan during the fourth quarter valued at approximately $32,000. Comerica Bank lifted its holdings in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after purchasing an additional 2,021 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Onespan during the fourth quarter valued at approximately $50,000. 95.52% of the stock is currently owned by institutional investors.

Onespan Trading Up 0.7%

NASDAQ:OSPN opened at $12.34 on Tuesday. Onespan has a 12 month low of $10.07 and a 12 month high of $18.13. The company has a market cap of $457.44 million, a PE ratio of 6.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.47. The company has a 50 day simple moving average of $11.13 and a two-hundred day simple moving average of $11.79.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The business had revenue of $65.95 million during the quarter, compared to the consensus estimate of $62.40 million. Research analysts forecast that Onespan will post 1 earnings per share for the current year.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, May 14th. Onespan’s payout ratio is 28.73%.

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.