Onespan (NASDAQ:OSPN) Stock Price Down 5.3% – Here’s What Happened

Onespan Inc (NASDAQ:OSPN) traded down 5.3% during mid-day trading on Tuesday. The company traded as low as $24.01 and last traded at $24.2070. Approximately 212,452 shares changed hands during trading, a decline of 63% from the average session volume of 575,580 shares. The stock had previously closed at $25.55.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Rosenblatt Securities cut shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Tuesday, October 27th. Weiss Ratings upgraded shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. DA Davidson lifted their price target on shares of Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday. Finally, B. Riley Financial lifted their price target on shares of Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Onespan Price Performance

The stock has a market cap of $901.61 million, a PE ratio of 13.52, a P/E/G ratio of 1.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23. The firm’s 50 day moving average price is $18.00 and its two-hundred day moving average price is $14.13.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $63.89 million for the quarter, compared to analysts’ expectations of $57.43 million. Onespan had a net margin of 27.76% and a return on equity of 16.91%. On average, research analysts expect that Onespan Inc will post 1.08 earnings per share for the current year.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 13th. Onespan’s dividend payout ratio (DPR) is presently 28.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hennessy Advisors Inc. raised its position in shares of Onespan by 6.6% in the second quarter. Hennessy Advisors Inc. now owns 11,184 shares of the company’s stock worth $160,000 after buying an additional 690 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Onespan by 11.8% in the 3rd quarter. GAMMA Investing LLC now owns 7,781 shares of the company’s stock valued at $139,000 after acquiring an additional 821 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Onespan by 201.0% in the 2nd quarter. Allworth Financial LP now owns 2,528 shares of the company’s stock valued at $36,000 after acquiring an additional 1,688 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Onespan by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 504,141 shares of the company’s stock valued at $5,309,000 after acquiring an additional 1,993 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Onespan during the 2nd quarter valued at about $61,000. Institutional investors own 95.52% of the company’s stock.

Onespan Company Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.