Onespan (NASDAQ:OSPN) Earns “Neutral” Rating from DA Davidson

Onespan (NASDAQ:OSPN)‘s stock had its “neutral” rating reiterated by analysts at DA Davidson in a report issued on Tuesday,Benzinga reports. They presently have a $12.00 target price on the stock. DA Davidson’s price target would indicate a potential downside of 15.52% from the stock’s current price.

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

Onespan Price Performance

Shares of NASDAQ:OSPN traded down $0.10 during mid-day trading on Tuesday, hitting $14.21. The company had a trading volume of 167,406 shares, compared to its average volume of 600,605. Onespan has a one year low of $10.07 and a one year high of $18.13. The firm has a fifty day moving average price of $13.05 and a 200 day moving average price of $12.09. The company has a market capitalization of $526.58 million, a PE ratio of 7.84, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $65.95 million for the quarter, compared to analyst estimates of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. Research analysts expect that Onespan will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the transaction, the chief financial officer owned 91,018 shares in the company, valued at $1,315,210.10. This represents a 18.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 900 shares during the period. Comerica Bank grew its holdings in Onespan by 455.2% during 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 during the period. International Assets Investment Management LLC purchased a new stake in Onespan in the fourth quarter worth $32,000. Global Retirement Partners LLC purchased a new stake in Onespan in the fourth quarter worth $50,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Onespan by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after buying an additional 3,816 shares during the period. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

About Onespan

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.