Onespan Inc (NASDAQ:OSPN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Onespan Inc (NASDAQ:OSPN) have received an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.00.

A number of research firms have issued reports on OSPN. Wedbush began coverage on shares of Onespan in a report on Friday, May 31st. They set a “neutral” rating and a $17.00 target price on the stock. Zacks Investment Research upgraded shares of Onespan from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Thursday, April 25th. TheStreet lowered shares of Onespan from a “b-” rating to a “c” rating in a report on Monday, April 29th. Finally, ValuEngine downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th.

Onespan stock traded up $0.23 during mid-day trading on Monday, reaching $14.32. 257,700 shares of the company’s stock were exchanged, compared to its average volume of 259,956. The firm has a market cap of $566.62 million, a PE ratio of 39.78, a price-to-earnings-growth ratio of 3.52 and a beta of 2.16. Onespan has a twelve month low of $11.41 and a twelve month high of $21.61. The company has a quick ratio of 2.34, a current ratio of 2.55 and a debt-to-equity ratio of 0.03.

Onespan (NASDAQ:OSPN) last released its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.16). The business had revenue of $47.61 million for the quarter, compared to analyst estimates of $48.48 million. Onespan had a positive return on equity of 3.73% and a negative net margin of 1.69%. Onespan’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. On average, equities research analysts anticipate that Onespan will post 0.4 earnings per share for the current fiscal year.

In other news, insider Scott Clements acquired 3,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $14.25 per share, with a total value of $49,875.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 19.30% of the company’s stock.

Several large investors have recently made changes to their positions in OSPN. Cresset Asset Management LLC purchased a new stake in shares of Onespan in the 1st quarter valued at approximately $25,000. Quantamental Technologies LLC purchased a new stake in shares of Onespan in the 1st quarter valued at approximately $38,000. Royce & Associates LP purchased a new stake in shares of Onespan in the 4th quarter valued at approximately $73,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Onespan in the 4th quarter valued at approximately $116,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Onespan by 294.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,139 shares of the company’s stock valued at $144,000 after purchasing an additional 8,317 shares during the last quarter. 64.71% of the stock is currently owned by institutional investors.

Onespan Company Profile

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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