Onespan Inc (NASDAQ:OSPN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Onespan Inc (NASDAQ:OSPN) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.6667.

OSPN has been the topic of a number of recent research reports. DA Davidson decreased their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Onespan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th.

Onespan Price Performance

Shares of NASDAQ:OSPN opened at $12.34 on Tuesday. Onespan has a 1-year low of $10.07 and a 1-year high of $18.13. The company has a market capitalization of $457.44 million, a P/E ratio of 6.82, a P/E/G ratio of 1.12 and a beta of 1.47. The firm’s 50 day simple moving average is $11.13 and its two-hundred day simple moving average is $11.79.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, beating 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 business had revenue of $65.95 million for the quarter, compared to the consensus estimate of $62.40 million. On average, sell-side analysts anticipate that Onespan will post 1 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.52 annualized dividend and a dividend yield of 4.2%. Onespan’s dividend payout ratio is currently 28.73%.

Insider Buying and Selling at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $10.33, for a total value of $154,950.00. Following the sale, the chief financial officer owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank lifted its position in shares of Onespan by 455.2% during the first 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. Royal Bank of Canada lifted its position in shares of Onespan by 37.0% during the first quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock valued at $1,036,000 after buying an additional 18,328 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Onespan by 7.4% during the second quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock valued at $977,000 after buying an additional 4,027 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Onespan by 13.3% during the second quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock valued at $1,572,000 after buying an additional 11,032 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Onespan by 85.9% during the second quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company’s stock valued at $1,076,000 after buying an additional 29,738 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

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.