Onespan Inc (NASDAQ:OSPN) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts give OneSpan an average recommendation of Hold from five analysts (1 sell, 2 hold, 2 buy), with a 1-year average price target of $16.67.
• OneSpan beat Q4 estimates, reporting EPS of $0.36 versus $0.31 expected and revenue of $62.92M versus $59.78M, with a net margin of about 29.98% and ROE of 19.58%.
• The company raised its quarterly dividend to $0.13 (annualized $0.52), implying a yield of approximately 4.7% and a payout ratio of 27.66%.

Onespan Inc (NASDAQ:OSPN - Get Free Report) has received an average recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.6667.

Several research firms recently commented on OSPN. Wall Street Zen upgraded shares of Onespan from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Zacks Research lowered shares of Onespan from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. DA Davidson decreased their price objective on shares of Onespan from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Onespan in a research report on Friday, April 10th.

Insider Activity

In other Onespan news, CFO Jorge Garcia Martell sold 15,000 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the sale, the chief financial officer directly owned 110,218 shares of the company's stock, valued at $1,138,551.94. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onespan

Several hedge funds have recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company's stock worth $26,000 after purchasing an additional 900 shares during the last quarter. Register Financial Advisors LLC boosted its stake in shares of Onespan by 2.3% during the 4th quarter. Register Financial Advisors LLC now owns 68,628 shares of the company's stock worth $881,000 after purchasing an additional 1,521 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Onespan by 4.7% during the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company's stock worth $431,000 after purchasing an additional 1,522 shares during the last quarter. Hohimer Wealth Management LLC boosted its stake in shares of Onespan by 13.0% during the 3rd quarter. Hohimer Wealth Management LLC now owns 13,642 shares of the company's stock worth $217,000 after purchasing an additional 1,572 shares during the last quarter. Finally, Amundi boosted its stake in shares of Onespan by 10.0% during the 4th quarter. Amundi now owns 18,463 shares of the company's stock worth $237,000 after purchasing an additional 1,676 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Onespan Stock Down 4.5%

Onespan stock opened at $11.18 on Friday. Onespan has a 52 week low of $10.07 and a 52 week high of $18.13. The firm's 50-day simple moving average is $10.87 and its 200 day simple moving average is $12.24. The firm has a market capitalization of $418.91 million, a PE ratio of 5.95, a P/E/G ratio of 1.06 and a beta of 1.51.

Onespan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The business had revenue of $62.92 million for the quarter, compared to analyst estimates of $59.78 million. On average, research analysts expect that Onespan will post 1 EPS for the current fiscal year.

Onespan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 4.7%. This is an increase from Onespan's previous quarterly dividend of $0.12. Onespan's dividend payout ratio is 27.66%.

About Onespan

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.

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