Onespan (NASDAQ:OSPN) Stock Price Up 5.9%

Onespan Inc (NASDAQ:OSPN)’s stock price rose 5.9% during mid-day trading on Friday . The stock traded as high as $15.23 and last traded at $15.18, approximately 309,450 shares changed hands during mid-day trading. An increase of 21% from the average daily volume of 256,047 shares. The stock had previously closed at $14.34.

OSPN has been the subject of several research reports. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Wedbush set a $12.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, May 31st. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research report on Monday, April 29th. Finally, B. Riley set a $23.00 target price on shares of Pretium Resources and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.50.

The business has a 50-day simple moving average of $14.03. The company has a market cap of $573.46 million, a P/E ratio of 42.17, a PEG ratio of 3.63 and a beta of 2.05. 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 announced its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). The company had revenue of $47.61 million during the quarter, compared to analysts’ expectations of $48.48 million. Onespan had a positive return on equity of 3.73% and a negative net margin of 1.69%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. Sell-side analysts forecast that Onespan Inc will post 0.39 EPS for the current fiscal year.

In other Onespan news, insider Scott Clements purchased 3,550 shares of the stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $14.14 per share, with a total value of $50,197.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director T Kendall Hunt sold 34,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $14.33, for a total transaction of $487,220.00. The disclosure for this sale can be found here. Insiders own 19.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new stake in Onespan in the first quarter worth $38,000. Royce & Associates LP bought a new stake in Onespan in the fourth quarter worth $73,000. Municipal Employees Retirement System of Michigan bought a new stake in Onespan in the fourth quarter worth $116,000. Metropolitan Life Insurance Co. NY lifted its stake in Onespan by 294.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,139 shares of the company’s stock worth $144,000 after purchasing an additional 8,317 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in Onespan in the fourth quarter worth $155,000. 64.70% of the stock is owned by institutional investors and hedge funds.

Onespan Company Profile (NASDAQ:OSPN)

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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