Onespan Inc (NASDAQ:OSPN) – Stock analysts at Imperial Capital decreased their Q1 2019 earnings estimates for Onespan in a research report issued to clients and investors on Wednesday, February 20th. Imperial Capital analyst S. Khan now anticipates that the company will earn $0.09 per share for the quarter, down from their prior estimate of $0.16. Imperial Capital currently has a “Outperform” rating and a $19.00 target price on the stock. Imperial Capital also issued estimates for Onespan’s Q2 2019 earnings at $0.07 EPS, Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.10 EPS and Q4 2020 earnings at $0.22 EPS.
A number of other brokerages also recently commented on OSPN. ValuEngine upgraded Onespan from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research upgraded Onespan from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday. Sidoti initiated coverage on Onespan in a research report on Monday, December 3rd. They set a “buy” rating for the company. Finally, National Securities initiated coverage on Onespan in a research report on Thursday, January 3rd. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.00.
Shares of OSPN stock opened at $20.22 on Thursday. Onespan has a 52 week low of $11.41 and a 52 week high of $25.45. The company has a market capitalization of $805.20 million, a price-to-earnings ratio of 56.17, a P/E/G ratio of 4.03 and a beta of 1.93.
Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, February 21st. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.10. Onespan had a return on equity of 6.71% and a net margin of 1.81%. The company had revenue of $64.80 million during the quarter, compared to the consensus estimate of $59.94 million. The firm’s revenue was up 18.9% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP acquired a new position in shares of Onespan during the fourth quarter worth approximately $73,000. Municipal Employees Retirement System of Michigan bought a new stake in Onespan during the fourth quarter worth approximately $116,000. Metropolitan Life Insurance Co. NY raised its holdings in Onespan by 294.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,139 shares of the company’s stock worth $144,000 after purchasing an additional 8,317 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Onespan during the fourth quarter worth approximately $155,000. Finally, Bank of America Corp DE bought a new stake in Onespan during the second quarter worth approximately $187,000. Institutional investors and hedge funds own 62.61% 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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