Onespan (NASDAQ:OSPN) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Onespan (NASDAQ:OSPN) from a buy rating to a hold rating in a report published on Saturday morning.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities lowered their target price on Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Finally, DA Davidson cut their price target on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Onespan Stock Performance

NASDAQ:OSPN opened at $12.76 on Friday. The firm’s fifty day moving average is $12.68 and its two-hundred day moving average is $14.44. The firm has a market cap of $485.22 million, a price-to-earnings ratio of 8.68 and a beta of 1.50. Onespan has a one year low of $11.00 and a one year high of $20.36.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The company had revenue of $57.06 million during the quarter, compared to the consensus estimate of $58.18 million. As a group, equities research analysts predict that Onespan will post 1.11 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, November 14th. Onespan’s dividend payout ratio is currently 32.65%.

Insider Transactions at Onespan

In related news, Director Michael J. Mcconnell purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average cost of $11.96 per share, for a total transaction of $598,000.00. Following the purchase, the director directly owned 83,763 shares of the company’s stock, valued at $1,001,805.48. The trade was a 148.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Trading of Onespan

A number of large investors have recently bought and sold shares of the business. Simcoe Capital Management LLC raised its stake in shares of Onespan by 167.5% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after buying an additional 747,578 shares in the last quarter. First Trust Advisors LP grew its holdings in Onespan by 25.1% during the third quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock worth $34,023,000 after acquiring an additional 428,983 shares during the period. Topline Capital Management LLC acquired a new position in Onespan during the third quarter worth $5,549,000. Jacobs Levy Equity Management Inc. raised its position in Onespan by 2,674.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 329,202 shares of the company’s stock worth $5,231,000 after acquiring an additional 317,335 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Onespan by 49.3% in the second quarter. LSV Asset Management now owns 721,249 shares of the company’s stock valued at $12,038,000 after acquiring an additional 238,041 shares during the period. Institutional investors and hedge funds 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.