Zacks Investment Research upgraded shares of Onespan (NASDAQ:OSPN) from a strong sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “OneSpan Inc. provides software services. The Company designs and develops security software and e-signature solutions which protects devices and financial transactions from fraud and misuse. It delivers risk analytics, mobile security and authentication services. OneSpan Inc., formerly known as Vasco Data Sec, is based in Chicago, United States. “

Several other analysts have also recently issued reports on OSPN. B. Riley set a $23.00 price objective on Pretium Resources and gave the company a buy rating in a research note on Tuesday, June 25th. TheStreet cut Tesla from a c- rating to a d+ rating in a research note on Monday, April 29th. Wedbush set a $12.00 price target on GameStop and gave the company a buy rating in a research note on Friday, May 31st. Finally, ValuEngine cut Valero Energy from a hold rating to a sell rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Onespan has an average rating of Buy and an average price target of $19.50.

Shares of NASDAQ OSPN opened at $15.18 on Wednesday. The firm has a market capitalization of $610.54 million, a PE ratio of 42.17, a P/E/G ratio of 3.65 and a beta of 2.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 2.55. Onespan has a 12-month low of $11.41 and a 12-month high of $21.61. The company has a fifty day moving average of $14.03.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). The company had revenue of $47.61 million during the quarter, compared to analyst estimates of $48.48 million. Onespan had a negative net margin of 1.69% and a positive return on equity of 3.73%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. As a group, sell-side analysts expect that Onespan will post 0.39 earnings per share for the current fiscal year.

In other Onespan news, insider Scott Clements purchased 3,550 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average cost of $14.14 per share, for a total transaction of $50,197.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director T Kendall Hunt sold 34,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $14.33, for a total value of $487,220.00. The disclosure for this sale can be found here. 19.30% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new stake in Onespan in the first quarter valued at $38,000. Royce & Associates LP purchased a new position in shares of Onespan during the fourth quarter worth about $73,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Onespan during the fourth quarter worth about $116,000. SG Americas Securities LLC purchased a new position in shares of Onespan during the first quarter worth about $196,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Onespan by 294.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,139 shares of the company’s stock worth $144,000 after purchasing an additional 8,317 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

About Onespan

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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