Onespan Inc (NASDAQ:OSPN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Onespan Inc (NASDAQ:OSPN) have received a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.6667.

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson decreased their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Finally, Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st.

Onespan Price Performance

Onespan stock opened at $13.50 on Friday. The firm has a 50 day simple moving average of $12.71 and a 200-day simple moving average of $12.03. Onespan has a 1-year low of $10.07 and a 1-year high of $18.13. The stock has a market cap of $500.45 million, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The firm had revenue of $65.95 million for the quarter, compared to analyst estimates of $62.40 million. Equities analysts expect that Onespan will post 1.02 earnings per share for the current fiscal year.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, May 14th. Onespan’s dividend payout ratio is currently 28.73%.

Insider Transactions at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the sale, the chief financial officer directly owned 91,018 shares in the company, valued at $1,315,210.10. This represents a 18.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Onespan

Hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. lifted its holdings in Onespan by 101.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 383,925 shares of the company’s stock worth $4,930,000 after buying an additional 193,304 shares in the last quarter. Topline Capital Management LLC acquired a new stake in Onespan during the 3rd quarter worth approximately $5,549,000. Clark Estates Inc. NY acquired a new stake in Onespan during the 3rd quarter worth approximately $2,479,000. Jupiter Asset Management Ltd. lifted its holdings in Onespan by 43.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 366,143 shares of the company’s stock worth $5,818,000 after buying an additional 111,544 shares in the last quarter. Finally, Simcoe Capital Management LLC lifted its holdings in Onespan by 167.5% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after buying an additional 747,578 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.