Onespan Inc (OSPN) Receives $18.00 Average Target Price from Analysts

Onespan Inc (NASDAQ:OSPN) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $18.00.

A number of research analysts recently issued reports on OSPN shares. TheStreet upgraded shares of Onespan from a “c” rating to a “b-” rating in a research report on Monday, March 18th. Zacks Investment Research downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. ValuEngine upgraded shares of Onespan from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Finally, Wedbush began coverage on shares of Onespan in a research report on Friday, May 31st. They issued a “neutral” rating and a $17.00 price objective for the company.

NASDAQ OSPN opened at $13.86 on Monday. The firm has a market cap of $546.11 million, a P/E ratio of 38.50, a price-to-earnings-growth ratio of 3.39 and a beta of 2.17. Onespan has a 1 year low of $11.41 and a 1 year high of $22.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 2.34.

Onespan (NASDAQ:OSPN) last posted its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). The business had revenue of $47.61 million for the quarter, compared to analyst estimates of $48.48 million. Onespan had a negative net margin of 1.69% and a positive return on equity of 3.73%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. On average, equities analysts predict that Onespan will post 0.4 EPS for the current fiscal year.

In other news, insider Scott Clements acquired 3,550 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average price of $14.14 per share, for a total transaction of $50,197.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its position in shares of Onespan by 0.6% in the first quarter. Rhumbline Advisers now owns 90,321 shares of the company’s stock worth $1,736,000 after acquiring an additional 572 shares during the period. Comerica Bank increased its stake in shares of Onespan by 2.4% during the first quarter. Comerica Bank now owns 31,095 shares of the company’s stock worth $585,000 after purchasing an additional 720 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Onespan by 3.7% during the first quarter. Texas Permanent School Fund now owns 21,303 shares of the company’s stock worth $409,000 after purchasing an additional 755 shares in the last quarter. Redmond Asset Management LLC increased its stake in shares of Onespan by 1.2% during the first quarter. Redmond Asset Management LLC now owns 76,731 shares of the company’s stock worth $1,475,000 after purchasing an additional 940 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in shares of Onespan during the first quarter worth about $25,000. Institutional investors and hedge funds own 64.71% of the company’s stock.

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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