Onespan Inc (NASDAQ:OSPN) was the target of a significant decline in short interest during the month of November. As of November 29th, there was short interest totalling 629,200 shares, a decline of 9.3% from the November 14th total of 693,800 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 220,400 shares, the short-interest ratio is currently 2.9 days.
Onespan stock traded down $0.05 during trading on Friday, reaching $16.93. The company had a trading volume of 238,065 shares, compared to its average volume of 190,808. Onespan has a 12-month low of $11.41 and a 12-month high of $21.61. The stock’s 50 day moving average price is $17.92 and its two-hundred day moving average price is $15.25. The firm has a market capitalization of $682.62 million, a price-to-earnings ratio of 47.03, a PEG ratio of 3.20 and a beta of 2.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.50 and a current ratio of 2.77.
Onespan (NASDAQ:OSPN) last released its earnings results on Tuesday, October 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.21. Onespan had a net margin of 3.10% and a return on equity of 7.54%. The firm had revenue of $79.73 million during the quarter, compared to the consensus estimate of $63.12 million. During the same period in the previous year, the firm earned $0.04 earnings per share. Onespan’s revenue was up 51.9% compared to the same quarter last year. As a group, research analysts expect that Onespan will post 0.53 earnings per share for the current year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Onespan from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, November 14th. TheStreet upgraded shares of Onespan from a “c-” rating to a “b-” rating in a report on Tuesday, October 29th. Finally, ValuEngine downgraded shares of Onespan from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Onespan currently has a consensus rating of “Buy” and a consensus target price of $20.75.
In other news, Director T Kendall Hunt sold 365,000 shares of the business’s 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. Insiders own 19.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC grew its stake in Onespan by 121.1% during the second quarter. Ancora Advisors LLC now owns 1,042,282 shares of the company’s stock worth $14,769,000 after buying an additional 570,944 shares during the period. Legion Partners Asset Management LLC grew its stake in Onespan by 15.7% during the second quarter. Legion Partners Asset Management LLC now owns 2,416,883 shares of the company’s stock worth $34,247,000 after buying an additional 327,622 shares during the period. Heartland Advisors Inc. purchased a new stake in Onespan during the second quarter worth approximately $3,999,000. Russell Investments Group Ltd. purchased a new stake in Onespan during the third quarter worth approximately $3,981,000. Finally, BlackRock Inc. grew its stake in Onespan by 3.7% during the second quarter. BlackRock Inc. now owns 4,827,802 shares of the company’s stock worth $68,410,000 after buying an additional 174,059 shares during the period. Hedge funds and other institutional investors 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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