Onespan Inc (NASDAQ:OSPN) shares were up 5.9% during mid-day trading on Friday . The stock traded as high as $15.23 and last traded at $15.18, approximately 309,450 shares were traded during mid-day trading. An increase of 21% from the average daily volume of 256,047 shares. The stock had previously closed at $14.34.
Several analysts have issued reports on OSPN shares. Wedbush set a $12.00 price target on GameStop and gave the company a “buy” rating in a research note on Friday, May 31st. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley set a $23.00 price target on Pretium Resources and gave the company a “buy” rating in a research note on Tuesday, June 25th. TheStreet downgraded Tesla from a “c-” rating to a “d+” rating in a research report on Monday, April 29th. Finally, ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.50.
The company has a current ratio of 2.55, a quick ratio of 2.34 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $14.03. The company has a market capitalization of $610.46 million, a price-to-earnings ratio of 66.00, a price-to-earnings-growth ratio of 3.87 and a beta of 2.05.
Onespan (NASDAQ:OSPN) last released its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). The company had revenue of $47.61 million during the quarter, compared to analyst estimates of $48.48 million. Onespan had a negative net margin of 1.69% and a positive return on equity of 3.73%. Onespan’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. On average, analysts forecast that Onespan Inc will post 0.39 EPS for the current fiscal year.
In other Onespan news, Director T Kendall Hunt sold 34,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $14.33, for a total transaction of $487,220.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Clements purchased 3,500 shares of the stock in a transaction on Tuesday, May 21st. The shares were acquired at an average cost of $14.25 per share, for a total transaction of $49,875.00. The disclosure for this purchase can be found here. 19.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its position in Onespan by 0.6% during the first quarter. Rhumbline Advisers now owns 90,321 shares of the company’s stock worth $1,736,000 after buying an additional 572 shares during the last quarter. Comerica Bank boosted its holdings in shares of Onespan by 2.4% during the first quarter. Comerica Bank now owns 31,095 shares of the company’s stock worth $585,000 after acquiring an additional 720 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Onespan by 3.7% during the first quarter. Texas Permanent School Fund now owns 21,303 shares of the company’s stock worth $409,000 after acquiring an additional 755 shares during the period. Redmond Asset Management LLC boosted its holdings in shares of Onespan by 1.2% during the first quarter. Redmond Asset Management LLC now owns 76,731 shares of the company’s stock worth $1,475,000 after acquiring an additional 940 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Onespan by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 254,922 shares of the company’s stock worth $3,301,000 after acquiring an additional 1,581 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.
Onespan Company Profile (NASDAQ:OSPN)
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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