OneSpan (NASDAQ:OSPN - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Wednesday.
Separately, Sidoti lowered 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.
Get Our Latest Research Report on OSPN
OneSpan Trading Down 6.5 %
OSPN stock traded down $0.72 during midday trading on Wednesday, hitting $10.31. 234,796 shares of the company's stock were exchanged, compared to its average volume of 403,370. The business has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $10.16. The stock has a market capitalization of $389.61 million, a PE ratio of -13.93 and a beta of 0.80. OneSpan has a 1-year low of $7.64 and a 1-year high of $18.61.
OneSpan (NASDAQ:OSPN - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.17. The company had revenue of $62.93 million during the quarter. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. As a group, research analysts expect that OneSpan will post 0.71 EPS for the current fiscal year.
Insider Transactions at OneSpan
In related news, Director Michael J. Mcconnell bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the acquisition, the director now owns 73,849 shares in the company, valued at approximately $725,935.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.78% of the company's stock.
Institutional Trading of OneSpan
A number of institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in OneSpan during the 1st quarter worth about $2,997,000. Goldman Sachs Group Inc. increased its position in shares of OneSpan by 103.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 140,513 shares of the company's stock worth $1,506,000 after purchasing an additional 71,586 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of OneSpan by 279.6% during the fourth quarter. GSA Capital Partners LLP now owns 131,730 shares of the company's stock worth $1,412,000 after purchasing an additional 97,024 shares in the last quarter. Legal & General Group Plc increased its position in shares of OneSpan by 0.8% during the fourth quarter. Legal & General Group Plc now owns 2,207,340 shares of the company's stock worth $23,663,000 after purchasing an additional 17,705 shares in the last quarter. Finally, Barclays PLC increased its position in shares of OneSpan by 447.6% during the fourth quarter. Barclays PLC now owns 94,684 shares of the company's stock worth $1,014,000 after purchasing an additional 77,393 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.
About OneSpan
(
Get Free Report)
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.
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