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Onespan Inc (NASDAQ:OSPN – Get Free Report)’s share price reached a new 52-week high on Tuesday. The company traded as high as $18.75 and last traded at $18.6680, with a volume of 33397 shares trading hands. The stock had previously closed at $18.42.Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on OSPN. Rosenblatt Securities raised their price target on shares of Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 14th. Finally, DA Davidson increased their price objective on Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.
Read Our Latest Stock Report on OSPN
Onespan Stock Up 0.7% The company has a market capitalization of $683.31 million, a PE ratio of 10.42, a PEG ratio of 1.57 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33. The stock’s 50 day moving average is $16.67 and its 200 day moving average is $14.24. Onespan (NASDAQ:OSPN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $60.47 million during the quarter, compared to analyst estimates of $58.25 million. Onespan had a net margin of 27.76% and a return on equity of 16.91%. On average, sell-side analysts anticipate that Onespan Inc will post 1.05 EPS for the current fiscal year.
Onespan Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 14th. Onespan’s payout ratio is presently 29.21%.
Institutional Inflows and Outflows Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in Onespan during the 2nd quarter valued at about $36,000. Global Retirement Partners LLC purchased a new stake in shares of Onespan in the second quarter worth about $61,000. Integrated Wealth Concepts LLC bought a new position in shares of Onespan in the second quarter valued at approximately $88,000. GAMMA Investing LLC boosted its position in shares of Onespan by 33.7% in the second quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock valued at $100,000 after acquiring an additional 1,755 shares during the period. Finally, Abel Hall LLC purchased a new position in Onespan during the first quarter valued at approximately $107,000. Institutional investors own 95.52% of the company’s stock.
About Onespan (Get Free Report)
OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic-signature solutions designed to help organizations secure online transactions and agreements. Its offerings support financial institutions, businesses and government organizations as they manage digital interactions, protect user access and meet security and compliance requirements.
The company’s portfolio includes multi-factor authentication, mobile and hardware authentication devices, transaction signing, identity verification and electronic-signature software.
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