OneSpan Inc. (NASDAQ:OSPN) to Post Q2 2024 Earnings of $0.12 Per Share, DA Davidson Forecasts

OneSpan Inc. (NASDAQ:OSPN) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for OneSpan in a note issued to investors on Friday, May 3rd. DA Davidson analyst R. Kessinger forecasts that the company will post earnings of $0.12 per share for the quarter. DA Davidson has a “Neutral” rating and a $12.50 price objective on the stock. The consensus estimate for OneSpan’s current full-year earnings is $0.71 per share. DA Davidson also issued estimates for OneSpan’s FY2025 earnings at $0.93 EPS.

OSPN has been the topic of a number of other reports. Craig Hallum lifted their price target on OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com downgraded shares of OneSpan from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Sidoti cut shares of OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.83.

OneSpan Stock Up 13.2 %

NASDAQ OSPN opened at $12.39 on Monday. The company has a market cap of $468.96 million, a price-to-earnings ratio of -68.83 and a beta of 0.82. OneSpan has a twelve month low of $7.64 and a twelve month high of $17.20. The business’s fifty day moving average is $10.64 and its 200 day moving average is $10.20.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a negative net margin of 3.29% and a positive return on equity of 6.10%. The business had revenue of $62.93 million during the quarter.

Institutional Trading of OneSpan

Several large investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in OneSpan in the 3rd quarter valued at about $1,968,000. Vanguard Group Inc. lifted its holdings in shares of OneSpan by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock valued at $34,202,000 after purchasing an additional 11,757 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of OneSpan during the fourth quarter valued at approximately $219,000. Kennedy Capital Management LLC grew its holdings in OneSpan by 93.4% during the third quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after buying an additional 144,883 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in OneSpan in the 4th quarter valued at $112,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other OneSpan news, Director Michael J. Mcconnell purchased 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $9.83 per share, with a total value of $49,150.00. Following the completion of the purchase, the director now owns 73,849 shares in the company, valued at $725,935.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by company insiders.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.