Onespan Inc (OSPN) Receives $20.50 Average PT from Analysts

Shares of Onespan Inc (NASDAQ:OSPN) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $20.50.

Several analysts have recently commented on the stock. TheStreet upgraded shares of Onespan from a “c” rating to a “b-” rating in a research report on Monday, March 18th. ValuEngine upgraded shares of Onespan from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Zacks Investment Research downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, National Securities assumed coverage on shares of Onespan in a research report on Thursday, January 3rd. They set a “buy” rating on the stock.

Shares of OSPN stock opened at $17.69 on Friday. The firm has a market cap of $721.39 million, a PE ratio of 49.14, a PEG ratio of 4.03 and a beta of 2.07. Onespan has a one year low of $11.41 and a one year high of $25.45.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The firm had revenue of $64.80 million for the quarter, compared to the consensus estimate of $59.94 million. Onespan had a net margin of 1.81% and a return on equity of 6.72%. Onespan’s revenue was up 18.9% compared to the same quarter last year. On average, analysts anticipate that Onespan will post 0.44 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Onespan by 3.5% during the fourth quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock valued at $61,258,000 after acquiring an additional 161,916 shares in the last quarter. Vanguard Group Inc. grew its stake in Onespan by 5.8% during the third quarter. Vanguard Group Inc. now owns 1,916,545 shares of the company’s stock valued at $36,510,000 after acquiring an additional 105,798 shares in the last quarter. Vanguard Group Inc grew its stake in Onespan by 5.8% during the third quarter. Vanguard Group Inc now owns 1,916,545 shares of the company’s stock valued at $36,510,000 after acquiring an additional 105,798 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Onespan by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock valued at $19,711,000 after acquiring an additional 15,311 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Onespan by 436.3% during the fourth quarter. Ancora Advisors LLC now owns 695,588 shares of the company’s stock valued at $9,008,000 after acquiring an additional 565,896 shares in the last quarter. 66.24% of the stock is owned by institutional investors.

Onespan Company Profile

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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