Onespan (NASDAQ:OSPN) Stock Price Down 5.3% – What’s Next?

Shares of Onespan Inc (NASDAQ:OSPN) were down 5.3% during mid-day trading on Tuesday. The stock traded as low as $24.01 and last traded at $24.2070. Approximately 212,452 shares were traded during trading, a decline of 63% from the average session volume of 575,580 shares. The stock had previously closed at $25.55.

Analyst Upgrades and Downgrades

OSPN has been the topic of several recent research reports. Weiss Ratings upgraded shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. DA Davidson increased their price target on shares of Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 30th. B. Riley Financial increased their price objective on Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, Rosenblatt Securities lowered Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Onespan has an average rating of “Hold” and an average price target of $24.00.

Onespan Stock Down 7.4%

The stock has a market cap of $808.00 million, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.52. The firm has a 50 day simple moving average of $18.35 and a 200-day simple moving average of $14.25. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Onespan had a return on equity of 15.96% and a net margin of 27.52%. The business had revenue of $63.89 million during the quarter, compared to analysts’ expectations of $57.43 million. On average, equities research analysts forecast that Onespan Inc will post 1.08 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 13th. Onespan’s dividend payout ratio (DPR) is presently 28.73%.

Hedge Funds Weigh In On Onespan

A number of hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Onespan by 4.9% in the 3rd quarter. Brighton Jones LLC now owns 10,692 shares of the company’s stock worth $192,000 after purchasing an additional 500 shares during the period. Hennessy Advisors Inc. lifted its stake in Onespan by 6.6% in the second quarter. Hennessy Advisors Inc. now owns 11,184 shares of the company’s stock worth $160,000 after purchasing an additional 690 shares during the last quarter. GAMMA Investing LLC boosted its position in Onespan by 11.8% during the third quarter. GAMMA Investing LLC now owns 7,781 shares of the company’s stock valued at $139,000 after buying an additional 821 shares during the period. Hohimer Wealth Management LLC boosted its position in Onespan by 4.5% during the third quarter. Hohimer Wealth Management LLC now owns 21,486 shares of the company’s stock valued at $385,000 after buying an additional 924 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Onespan by 201.0% during the second quarter. Allworth Financial LP now owns 2,528 shares of the company’s stock valued at $36,000 after buying an additional 1,688 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

Onespan Company Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.