Onespan (NASDAQ:OSPN) Receives Buy Rating from Rosenblatt Securities

Onespan (NASDAQ:OSPN)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They presently have a $15.00 price objective on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 10.95% from the stock’s current price.

Several other research firms also recently issued reports on OSPN. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. DA Davidson decreased their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onespan currently has an average rating of “Hold” and a consensus target price of $16.67.

Onespan Stock Performance

Shares of OSPN opened at $13.52 on Thursday. The stock has a 50 day simple moving average of $12.88 and a 200 day simple moving average of $12.06. Onespan has a 52-week low of $10.07 and a 52-week high of $18.13. The firm has a market capitalization of $501.19 million, a PE ratio of 7.47, a P/E/G ratio of 1.21 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last announced its earnings results 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 the consensus estimate of $62.40 million. Equities research analysts predict that Onespan will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,315,210.10. The trade was a 18.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Institutional Trading of Onespan

A number of hedge funds and other institutional investors have recently modified their holdings of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the last quarter. Comerica Bank boosted its holdings in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Onespan in the 4th quarter valued at approximately $32,000. Global Retirement Partners LLC bought a new position in shares of Onespan in the fourth quarter valued at $50,000. Finally, Tower Research Capital LLC TRC increased its holdings in Onespan by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after buying an additional 3,816 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

About Onespan

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.