Zacks Investment Research upgraded shares of Onespan (NASDAQ:OSPN) from a strong sell rating to a hold rating in a research report released 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 the company. Wedbush set a $12.00 price objective on GameStop and gave the stock a buy rating in a report on Friday, May 31st. B. Riley set a $23.00 price objective on Pretium Resources and gave the stock a buy rating in a report on Tuesday, June 25th. ValuEngine downgraded Valero Energy from a hold rating to a sell rating in a research report on Wednesday, May 8th. Finally, TheStreet downgraded Tesla from a c- rating to a d+ rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Onespan has an average rating of Buy and an average target price of $19.50.

Shares of OSPN traded up $0.08 during mid-day trading on Wednesday, hitting $14.34. 101,719 shares of the stock were exchanged, compared to its average volume of 255,643. The stock has a market cap of $553.75 million, a P/E ratio of 39.83, a PEG ratio of 3.51 and a beta of 2.06. Onespan has a 52-week low of $11.41 and a 52-week high of $21.61. The stock has a 50-day simple moving average of $14.00. The company has a current ratio of 2.55, a quick ratio of 2.34 and a debt-to-equity ratio of 0.03.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.16). The firm had revenue of $47.61 million for the quarter, compared to analysts’ expectations of $48.48 million. Onespan had a positive return on equity of 3.73% and a negative net margin of 1.69%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. On average, analysts predict that Onespan will post 0.39 EPS for the current fiscal year.

In other Onespan news, insider Scott Clements acquired 3,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $14.25 per share, with a total value of $49,875.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director T Kendall Hunt sold 34,000 shares of the company’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. Insiders own 19.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Onespan by 3.5% in the 4th quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock valued at $61,258,000 after acquiring an additional 161,916 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Onespan by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock valued at $19,711,000 after acquiring an additional 15,311 shares during the last quarter. Ancora Advisors LLC grew its position in Onespan by 436.3% in the 4th quarter. Ancora Advisors LLC now owns 695,588 shares of the company’s stock valued at $9,008,000 after acquiring an additional 565,896 shares during the last quarter. FMR LLC bought a new position in Onespan in the 4th quarter valued at $6,108,000. Finally, Bank of New York Mellon Corp grew its position in Onespan by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 405,013 shares of the company’s stock valued at $5,245,000 after acquiring an additional 7,674 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

Onespan Company Profile

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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