Onespan (NASDAQ:OSPN) Sets New 12-Month High – Time to Buy?

Onespan Inc (NASDAQ:OSPN)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $18.83 and last traded at $18.68, with a volume of 197,459 shares traded. The stock had previously closed at $18.25.

Analysts Set New Price Targets

OSPN has been the topic of a number of research analyst reports. DA Davidson increased their price target on Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 14th. Finally, Rosenblatt Securities boosted their price target on shares of Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Onespan Stock Performance

The business has a 50 day moving average price of $17.10 and a two-hundred day moving average price of $14.82. The company has a market cap of $689.06 million, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The firm had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million. Onespan had a net margin of 27.76% and a return on equity of 16.91%. On average, sell-side analysts anticipate that Onespan Inc will post 1.05 earnings per share for the current year.

Onespan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, August 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. Onespan’s dividend payout ratio (DPR) is presently 29.21%.

Hedge Funds Weigh In On Onespan

A number of hedge funds have recently bought and sold shares of OSPN. BlackRock Inc. purchased a new stake in Onespan in the second quarter worth approximately $59,607,000. Legal & General Group Plc purchased a new stake in Onespan during the 2nd quarter valued at $31,248,000. Dimensional Fund Advisors LP lifted its holdings in shares of Onespan by 31.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after buying an additional 349,648 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Onespan by 94.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after buying an additional 617,092 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Onespan in the 2nd quarter worth $7,272,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Company Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic-signature solutions designed to help organizations secure online transactions and agreements. Its offerings support financial institutions, businesses and government organizations as they manage digital interactions, protect user access and meet security and compliance requirements.

The company’s portfolio includes multi-factor authentication, mobile and hardware authentication devices, transaction signing, identity verification and electronic-signature software.