Onespan Inc (NASDAQ:OSPN) – Imperial Capital raised their Q4 2018 earnings estimates for shares of Onespan in a report issued on Monday, November 5th. Imperial Capital analyst S. Khan now forecasts that the company will earn $0.05 per share for the quarter, up from their prior estimate of $0.04. Imperial Capital currently has a “Outperform” rating and a $19.00 price objective on the stock. Imperial Capital also issued estimates for Onespan’s Q4 2019 earnings at $0.10 EPS.
A number of other brokerages have also recently issued reports on OSPN. ValuEngine upgraded Onespan from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Onespan from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st.
Shares of Onespan stock opened at $15.85 on Wednesday. Onespan has a 12-month low of $11.55 and a 12-month high of $25.45. The company has a market cap of $619.47 million, a PE ratio of 36.86, a P/E/G ratio of 4.53 and a beta of 1.76.
Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Onespan had a positive return on equity of 6.38% and a negative net margin of 12.85%. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $54.09 million. The company’s quarterly revenue was up 2.7% on a year-over-year basis.
In related news, Director T Kendall Hunt sold 126,596 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $17.77, for a total value of $2,249,610.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 471,735 shares of company stock worth $8,392,124. 22.48% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of OSPN. Piedmont Investment Advisors LLC bought a new stake in Onespan in the 2nd quarter valued at $139,000. SG Americas Securities LLC acquired a new position in Onespan in the 2nd quarter valued at $148,000. Public Employees Retirement Association of Colorado acquired a new position in Onespan in the 2nd quarter valued at $167,000. Strs Ohio acquired a new position in Onespan in the 2nd quarter valued at $180,000. Finally, Bank of America Corp DE acquired a new position in Onespan in the 2nd quarter valued at $187,000. Institutional investors and hedge funds own 61.42% of the company’s stock.
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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