Onespan Inc (NASDAQ:OSPN) Director Marc Zenner bought 10,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average cost of $14.46 per share, with a total value of $144,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:OSPN opened at $13.78 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.88 and a quick ratio of 2.56. The business has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $16.23. Onespan Inc has a 1 year low of $11.41 and a 1 year high of $21.61. The company has a market capitalization of $554.21 million, a P/E ratio of 38.28, a P/E/G ratio of 3.84 and a beta of 2.12.
Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). The company had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $56.29 million. Onespan had a negative net margin of 2.30% and a positive return on equity of 2.45%. Onespan’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, analysts anticipate that Onespan Inc will post 0.36 earnings per share for the current year.
A number of analysts have issued reports on OSPN shares. B. Riley started coverage on Onespan in a research report on Tuesday, June 25th. They issued a “buy” rating and a $22.00 target price for the company. Zacks Investment Research downgraded Onespan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. ValuEngine downgraded Onespan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. TheStreet downgraded Onespan from a “b-” rating to a “c” rating in a research report on Monday, April 29th. Finally, Wedbush reissued a “hold” rating and issued a $17.00 target price on shares of Onespan in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.20.
Several hedge funds and other institutional investors have recently made changes to their positions in OSPN. Quantamental Technologies LLC purchased a new position in shares of Onespan in the first quarter valued at $38,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Onespan by 3,600.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,700 shares of the company’s stock valued at $50,000 after purchasing an additional 3,600 shares in the last quarter. Bank of Montreal Can grew its position in shares of Onespan by 206.9% in the second quarter. Bank of Montreal Can now owns 4,113 shares of the company’s stock valued at $58,000 after purchasing an additional 2,773 shares in the last quarter. KBC Group NV purchased a new position in shares of Onespan in the second quarter valued at $136,000. Finally, Private Advisors LLC purchased a new position in shares of Onespan in the second quarter valued at $156,000. Institutional investors own 66.55% 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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