National Securities initiated coverage on shares of Onespan (NASDAQ:OSPN) in a research report sent to investors on Thursday, January 3rd, The Fly reports. The brokerage issued a buy rating on the stock.
A number of other research analysts also recently issued reports on OSPN. ValuEngine downgraded shares of Onespan from a strong-buy rating to a buy rating in a research report on Thursday, November 1st. Sidoti started coverage on shares of Onespan in a research report on Monday, December 3rd. They set a buy rating on the stock. Zacks Investment Research downgraded shares of Onespan from a hold rating to a sell rating in a research report on Saturday, November 3rd. Finally, Imperial Capital raised Onespan from an in-line rating to an outperform rating and set a $19.00 price target for the company in a research note on Monday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $19.00.
OSPN opened at $13.78 on Thursday. The stock has a market capitalization of $569.63 million, a PE ratio of 32.05, a PEG ratio of 2.95 and a beta of 1.95. Onespan has a twelve month low of $11.41 and a twelve month high of $25.45.
Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.04). The company had revenue of $52.50 million for the quarter, compared to analyst estimates of $54.09 million. Onespan had a positive return on equity of 6.38% and a negative net margin of 12.85%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts expect that Onespan will post 0.33 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of OSPN. BlackRock Inc. bought a new position in shares of Onespan during the 2nd quarter worth approximately $83,036,000. Dimensional Fund Advisors LP bought a new position in shares of Onespan during the 2nd quarter worth approximately $27,478,000. Legal & General Group Plc bought a new position in shares of Onespan during the 2nd quarter worth approximately $27,352,000. Private Capital Management LLC bought a new position in shares of Onespan during the 2nd quarter worth approximately $20,529,000. Finally, WINTON GROUP Ltd bought a new position in shares of Onespan during the 2nd quarter worth approximately $9,093,000. 64.43% of the stock is owned by institutional investors.
Onespan Company Profile
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.
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