Onespan (NASDAQ:OSPN) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Onespan from "hold" to "buy" on Saturday, but the street remains mixed — 2 Buys, 2 Holds and 1 Sell — with a consensus target price of $16.67 and an overall average rating of "Hold."
• Quarterly results beat expectations: Onespan reported $0.36 EPS versus $0.31 expected and revenue of $62.92M versus $59.78M, with a net margin of 29.98% and return on equity of 19.58%.
• The stock is trading around $10.15 near its 12‑month low (12‑month high $18.13), with a market cap of about $380M and a P/E of 5.4; the CFO sold 15,000 shares on March 16 and institutional ownership is roughly 95.5%.

Onespan (NASDAQ:OSPN - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

OSPN has been the topic of a number of other research reports. Zacks Research lowered shares of Onespan from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Onespan in a research note on Monday, December 29th. Finally, DA Davidson dropped their target price on Onespan from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $16.67.

Onespan Price Performance

Onespan stock opened at $10.15 on Friday. The company has a market cap of $380.32 million, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. Onespan has a 12 month low of $10.07 and a 12 month high of $18.13. The stock's 50-day moving average is $11.09 and its 200-day moving average is $12.86.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $62.92 million for the quarter, compared to analyst estimates of $59.78 million. Research analysts anticipate that Onespan will post 1.11 EPS for the current year.

Insider Buying and Selling at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 15,000 shares of the business'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 in the company, valued at approximately $1,138,551.94. The trade was a 11.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Onespan

A number of large investors have recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company's stock worth $26,000 after acquiring an additional 900 shares in the last quarter. Register Financial Advisors LLC lifted its position in shares of Onespan by 2.3% in the 4th quarter. Register Financial Advisors LLC now owns 68,628 shares of the company's stock valued at $881,000 after acquiring an additional 1,521 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Onespan by 4.7% in the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company's stock valued at $431,000 after acquiring an additional 1,522 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in Onespan by 13.0% in 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 period. Finally, Amundi boosted its stake in Onespan by 10.0% in 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 period. 95.52% of the stock is currently owned by institutional investors.

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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