Rosenblatt Securities Cuts Onespan (NASDAQ:OSPN) Price Target to $15.00

Onespan (NASDAQ:OSPN) had its price objective decreased by Rosenblatt Securities from $17.00 to $15.00 in a report published on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

OSPN has been the topic of several other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, B. Riley initiated coverage on shares of Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Onespan Stock Down 26.5%

Onespan stock opened at $11.40 on Friday. Onespan has a 52 week low of $11.00 and a 52 week high of $20.36. The company’s 50 day moving average price is $15.44 and its two-hundred day moving average price is $15.46. The stock has a market cap of $436.91 million, a P/E ratio of 7.55 and a beta of 1.32.

Onespan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, November 14th. Onespan’s payout ratio is 31.79%.

Insider Buying and Selling

In related news, Director Marc Zenner purchased 2,200 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average price of $12.80 per share, with a total value of $28,160.00. Following the acquisition, the director owned 71,273 shares of the company’s stock, valued at $912,294.40. This trade represents a 3.19% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Garry L. Capers purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the acquisition, the director directly owned 36,894 shares in the company, valued at $482,204.58. This trade represents a 5.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Onespan in the 3rd quarter valued at approximately $26,000. Comerica Bank grew its stake in Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares in the last quarter. Copeland Capital Management LLC grew its stake in Onespan by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after buying an additional 692 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Onespan by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after buying an additional 3,816 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Onespan by 14.6% in the 1st quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock valued at $94,000 after buying an additional 783 shares in the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

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.