Insider Buying: Onespan (NASDAQ:OSPN) Director Acquires $24,260.00 in Stock

Onespan Inc (NASDAQ:OSPN) Director Marc Zenner acquired 2,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $12.13 per share, for a total transaction of $24,260.00. Following the purchase, the director owned 73,273 shares of the company’s stock, valued at $888,801.49. The trade was a 2.81% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Marc Zenner also recently made the following trade(s):

• On Friday, August 8th, Marc Zenner bought 2,200 shares of Onespan stock. The shares were bought at an average price of $12.80 per share, with a total value of $28,160.00.

Onespan Price Performance

Shares of Onespan stock opened at $12.24 on Friday. The company has a market cap of $465.45 million, a PE ratio of 8.11 and a beta of 1.33. The firm has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $15.37. Onespan Inc has a fifty-two week low of $11.00 and a fifty-two week high of $20.36.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Onespan had a net margin of 24.90% and a return on equity of 19.75%. The business had revenue of $57.06 million during the quarter, compared to analyst estimates of $58.18 million. Onespan has set its FY 2025 guidance at EPS. Analysts expect that Onespan Inc will post 1.11 earnings per share for the current fiscal year.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $0.12 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.9%. Onespan’s dividend payout ratio (DPR) is currently 32.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Onespan during the 1st quarter valued at $195,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Onespan by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company’s stock worth $546,000 after purchasing an additional 12,332 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Onespan by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 219,960 shares of the company’s stock valued at $3,354,000 after buying an additional 15,089 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Onespan in the first quarter valued at about $340,000. Finally, Cerity Partners LLC lifted its position in Onespan by 51.7% during the 1st quarter. Cerity Partners LLC now owns 15,567 shares of the company’s stock worth $237,000 after buying an additional 5,304 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OSPN has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a research report on Wednesday, October 8th. Rosenblatt Securities decreased their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. DA Davidson dropped their price objective on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, B. Riley initiated coverage on shares of Onespan in a research note on Tuesday, August 26th. They issued a “buy” rating and a $23.00 target price on the stock. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Onespan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.