Onespan (NASDAQ:OSPN) Given Neutral Rating at DA Davidson

Onespan (NASDAQ:OSPN)‘s stock had its “neutral” rating reissued by research analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $12.00 target price on the stock. DA Davidson’s target price indicates a potential downside of 15.52% from the company’s previous close.

Several other equities research analysts have also issued reports on OSPN. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Onespan in a report on Thursday, June 25th. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Onespan presently has an average rating of “Hold” and an average target price of $16.67.

Onespan Stock Down 0.7%

Shares of OSPN stock traded down $0.10 during trading hours on Tuesday, reaching $14.21. The company’s stock had a trading volume of 167,406 shares, compared to its average volume of 600,605. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The firm’s 50 day simple moving average is $13.05 and its 200-day simple moving average is $12.09. The company has a market capitalization of $526.58 million, a price-to-earnings ratio of 7.84, a PEG ratio of 1.26 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $65.95 million during the quarter, compared to analysts’ expectations of $62.40 million. Onespan had a return on equity of 18.03% and a net margin of 28.47%. Sell-side analysts predict that Onespan will post 1.02 earnings per share for the current year.

Insider Transactions at Onespan

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the transaction, the chief financial officer directly owned 91,018 shares in the company, valued at $1,315,210.10. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Onespan

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of Onespan by 1,018.8% in the 4th quarter. Millennium Management LLC now owns 1,211,659 shares of the company’s stock worth $15,558,000 after acquiring an additional 1,103,360 shares in the last quarter. Simcoe Capital Management LLC lifted its stake in shares of Onespan by 167.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock valued at $18,970,000 after purchasing an additional 747,578 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Onespan by 94.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after purchasing an additional 617,092 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Onespan by 25.1% during the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock valued at $34,023,000 after purchasing an additional 428,983 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after purchasing an additional 349,648 shares during the period. Institutional investors own 95.52% of the company’s stock.

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.