Onespan (NASDAQ:OSPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The firm presently has a $20.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential downside of 1.43% from the company’s previous close.
According to Zacks, “OneSpan Inc. provides software services. The Company designs and develops security software and e-signature solutions which protects devices and financial transactions from fraud and misuse. It delivers risk analytics, mobile security and authentication services. OneSpan Inc., formerly known as Vasco Data Sec, is based in Chicago, United States. “
A number of other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. TheStreet upgraded shares of Onespan from a “c-” rating to a “b-” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.50.
Onespan stock traded up $0.21 during midday trading on Tuesday, reaching $20.29. 4,206 shares of the company traded hands, compared to its average volume of 212,514. The firm has a market capitalization of $795.59 million, a price-to-earnings ratio of 56.19, a price-to-earnings-growth ratio of 3.19 and a beta of 2.11. The business has a 50 day moving average of $17.77 and a two-hundred day moving average of $15.86. Onespan has a 12 month low of $12.81 and a 12 month high of $21.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.77 and a quick ratio of 2.50.
Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. The company had revenue of $79.73 million for the quarter, compared to the consensus estimate of $63.12 million. Onespan had a net margin of 3.10% and a return on equity of 7.54%. The firm’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. As a group, equities analysts forecast that Onespan will post 0.53 EPS for the current year.
In other Onespan news, Director T Kendall Hunt sold 365,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $19.66, for a total value of $7,175,900.00. 19.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSPN. Russell Investments Group Ltd. bought a new stake in shares of Onespan during the 3rd quarter valued at $3,981,000. BlackRock Inc. raised its position in shares of Onespan by 3.7% during the 2nd quarter. BlackRock Inc. now owns 4,827,802 shares of the company’s stock valued at $68,410,000 after purchasing an additional 174,059 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Onespan during the 2nd quarter valued at $2,260,000. River & Mercantile Asset Management LLP bought a new stake in shares of Onespan during the 2nd quarter valued at $1,107,000. Finally, Calamos Advisors LLC bought a new stake in shares of Onespan during the 4th quarter valued at $1,255,000. Institutional investors and hedge funds own 67.77% of the company’s stock.
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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