Onespan (NASDAQ:OSPN) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Zacks Research downgraded Onespan (NASDAQ:OSPN) from a "hold" to a strong sell, and although analyst views vary the consensus remains a Hold with an average price target of $16.67.
• Onespan recently beat quarterly estimates (EPS $0.36 vs. $0.31; revenue $62.92M vs. $59.78M) but trades around $10.53 with a low valuation (P/E ≈ 5.6) and a market cap near $395M.
• Institutional investors own about 95.52% of the company’s stock, despite recent reported stake additions being relatively small in dollar terms.

Onespan (NASDAQ:OSPN - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Onespan in a report on Monday, December 29th. DA Davidson dropped their price target on Onespan from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. Finally, Wall Street Zen lowered Onespan from a "buy" rating to a "hold" rating in a research note on Saturday, January 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $16.67.

Onespan Stock Up 0.6%

Shares of OSPN stock opened at $10.53 on Tuesday. The stock has a 50-day simple moving average of $11.82 and a 200 day simple moving average of $13.33. The stock has a market capitalization of $394.56 million, a P/E ratio of 5.60, a P/E/G ratio of 0.88 and a beta of 1.54. Onespan has a fifty-two week low of $10.16 and a fifty-two week high of $18.13.

Onespan (NASDAQ:OSPN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The company had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. On average, sell-side analysts anticipate that Onespan will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Onespan during the 3rd quarter valued at $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company's stock valued at $26,000 after purchasing an additional 900 shares in the last quarter. Comerica Bank increased its position in Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company's stock worth $38,000 after purchasing an additional 2,021 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Onespan during the 4th quarter worth about $32,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Onespan during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 95.52% of the company's stock.

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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