Onespan (NASDAQ:OSPN) Issues Earnings Results

Key Points

• Onespan reported a quarterly earnings per share (EPS) of $0.26, falling short of the consensus estimate of $0.27 by $0.01.
• The company announced a quarterly dividend of $0.12 per share, equivalent to an annualized yield of 3.4%.
• Institutional investor sentiment is strong, with 95.52% of Onespan's stock owned by institutional investors and hedge funds.

Onespan (NASDAQ:OSPN - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01), Zacks reports. The business had revenue of $59.84 million during the quarter, compared to analysts' expectations of $59.05 million. Onespan had a return on equity of 19.75% and a net margin of 24.90%. Onespan updated its FY 2025 guidance to EPS.

Onespan Price Performance

NASDAQ:OSPN traded up $0.20 on Friday, reaching $12.91. The stock had a trading volume of 701,382 shares, compared to its average volume of 382,467. The company has a market cap of $494.84 million, a price-to-earnings ratio of 8.55 and a beta of 1.12. The firm's fifty day moving average is $15.77 and its two-hundred day moving average is $16.21. Onespan has a 12-month low of $12.51 and a 12-month high of $20.36.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Onespan's dividend payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities dropped their price target on shares of Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday. Wall Street Zen cut shares of Onespan from a "buy" rating to a "hold" rating in a report on Saturday.

Insider Transactions at Onespan

In related news, Director Marc Zenner acquired 2,200 shares of the company's stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $12.80 per share, with a total value of $28,160.00. Following the purchase, the director directly owned 71,273 shares in the company, valued at $912,294.40. The trade was a 3.19% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Garry L. Capers acquired 2,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $13.07 per share, with a total value of $26,140.00. Following the purchase, the director owned 36,894 shares in the company, valued at approximately $482,204.58. The trade was a 5.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Onespan

An institutional investor recently raised its position in Onespan stock. Comerica Bank increased its holdings in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 455.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,465 shares of the company's stock after purchasing an additional 2,021 shares during the quarter. Comerica Bank's holdings in Onespan were worth $38,000 as of its most recent filing with the SEC. 95.52% of the stock is owned by hedge funds and other institutional investors.

Onespan Company Profile

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.