Onespan (NASDAQ:OSPN) Lowered to Strong Sell Rating by Zacks Research

Onespan (NASDAQ:OSPN) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. DA Davidson lowered their price target on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Finally, Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.67.

Onespan Trading Up 0.6%

OSPN stock opened at $10.53 on Tuesday. The firm has a market cap of $394.56 million, a PE ratio of 5.60, a PEG ratio of 0.88 and a beta of 1.54. Onespan has a 1 year low of $10.16 and a 1 year high of $18.13. The company has a fifty day simple moving average of $11.82 and a 200 day simple moving average of $13.33.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The firm had revenue of $62.92 million for the quarter, compared to the consensus estimate of $59.78 million. As a group, analysts forecast that Onespan will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Onespan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Onespan in the 3rd quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the period. Comerica Bank raised its stake in shares of Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after purchasing an additional 2,021 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Onespan in the 4th quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Onespan in the 4th quarter worth approximately $50,000. 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.