FY2025 Earnings Forecast for Onespan Issued By DA Davidson

Key Points

• DA Davidson has revised its FY2025 earnings estimates for ONESPAN, lowering its prediction from $1.17 to $1.15 per share.
• Additionally, Rosenblatt Securities reduced its target price on ONESPAN shares from $20.00 to $17.00 while maintaining a "buy" rating.
• ONESPAN has announced a quarterly dividend of $0.12 per share, reflecting an annualized dividend yield of 3.8% with a payout ratio of 31.79%.

Onespan Inc (NASDAQ:OSPN - Free Report) - DA Davidson lowered their FY2025 earnings estimates for Onespan in a report issued on Wednesday, August 6th. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings of $1.15 per share for the year, down from their previous estimate of $1.17. The consensus estimate for Onespan's current full-year earnings is $1.11 per share.

A number of other research firms also recently issued reports on OSPN. Wall Street Zen downgraded shares of Onespan from a "buy" rating to a "hold" rating in a research note on Saturday. Rosenblatt Securities decreased their price target on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th.

Onespan Stock Up 4.3%

Onespan stock traded up $0.56 during mid-day trading on Friday, reaching $13.63. 369,103 shares of the company's stock traded hands, compared to its average volume of 412,385. The company has a market cap of $522.44 million, a price-to-earnings ratio of 9.02 and a beta of 1.12. The stock has a 50 day moving average of $15.72 and a two-hundred day moving average of $16.12. Onespan has a 12-month low of $12.51 and a 12-month high of $20.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OSPN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Onespan by 27.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock valued at $40,129,000 after acquiring an additional 469,628 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Onespan by 28.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after purchasing an additional 395,222 shares during the last quarter. LSV Asset Management bought a new position in shares of Onespan in the fourth quarter worth about $4,760,000. Nuveen LLC bought a new position in shares of Onespan in the first quarter worth about $3,594,000. Finally, CSM Advisors LLC bought a new position in shares of Onespan in the second quarter worth about $3,651,000. Institutional investors own 95.52% of the company's stock.

Insiders Place Their Bets

In other news, Director Garry L. Capers acquired 2,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the transaction, the director directly owned 36,894 shares of the company's stock, valued at approximately $482,204.58. The trade was a 5.73% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc Zenner acquired 2,200 shares of the business's stock in a transaction on Friday, August 8th. The shares were purchased at an average price of $12.80 per share, for a total transaction of $28,160.00. Following the transaction, the director directly owned 71,273 shares of the company's stock, valued at approximately $912,294.40. The trade was a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. Onespan's payout ratio is 31.79%.

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.