OneSpan Inc. (NASDAQ:OSPN) Forecasted to Earn Q2 2024 Earnings of $0.12 Per Share

OneSpan Inc. (NASDAQ:OSPN) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of OneSpan in a report issued on Friday, May 3rd. DA Davidson analyst R. Kessinger expects that the company will post earnings of $0.12 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $12.50 target price 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.

OneSpan (NASDAQ:OSPN) last issued its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share 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 6.13%. The company had revenue of $62.93 million for the quarter.

A number of other brokerages have also recently weighed in on OSPN. StockNews.com upgraded OneSpan from a “hold” rating to a “buy” rating in a research report on Monday. Sidoti lowered 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. Finally, Craig Hallum boosted their target price on shares of OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, OneSpan has a consensus rating of “Moderate Buy” and an average target price of $13.83.

OneSpan Stock Down 2.1 %

OSPN opened at $12.09 on Monday. The company’s 50-day moving average price is $10.74 and its 200 day moving average price is $10.24. OneSpan has a fifty-two week low of $7.64 and a fifty-two week high of $17.20. The firm has a market cap of $457.61 million, a price-to-earnings ratio of -67.16 and a beta of 0.82.

Hedge Funds Weigh In On OneSpan

Institutional investors have recently bought and sold shares of the stock. TFO Wealth Partners LLC raised its stake in OneSpan by 15,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after purchasing an additional 3,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in OneSpan by 64.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock valued at $56,000 after buying an additional 2,027 shares during the period. Gladius Capital Management LP purchased a new stake in OneSpan in the 4th quarter worth about $95,000. SG Americas Securities LLC acquired a new stake in OneSpan during the 4th quarter worth about $112,000. Finally, Allspring Global Investments Holdings LLC grew its stake in OneSpan by 100.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock valued at $129,000 after acquiring an additional 5,578 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell bought 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $9.83 per share, with a total value of $49,150.00. Following the purchase, the director now owns 73,849 shares in the company, valued at $725,935.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

About OneSpan

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.