Onespan (NASDAQ:OSPN) Stock Price Down 6.4% - What's Next?

Onespan Inc (NASDAQ:OSPN - Get Free Report) shares dropped 6.4% on Friday . The stock traded as low as $16.46 and last traded at $16.42. Approximately 203,750 shares changed hands during trading, a decline of 49% from the average daily volume of 403,448 shares. The stock had previously closed at $17.55.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of Onespan in a research report on Friday, May 2nd. Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Onespan Price Performance

The business has a 50 day moving average of $16.24 and a 200 day moving average of $16.78. The company has a market cap of $613.74 million, a PE ratio of 10.94 and a beta of 1.15.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.99%. Onespan's dividend payout ratio (DPR) is 32.65%.

Hedge Funds Weigh In On Onespan

A number of institutional investors have recently added to or reduced their stakes in OSPN. Vanguard Group Inc. increased its holdings in shares of Onespan by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock valued at $65,390,000 after acquiring an additional 38,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Onespan by 8.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,341,305 shares of the company's stock worth $35,709,000 after buying an additional 177,011 shares in the last quarter. Legal & General Group Plc increased its holdings in Onespan by 0.8% in the 4th quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock worth $40,706,000 after buying an additional 16,901 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Onespan by 28.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after buying an additional 395,222 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Onespan by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 917,691 shares of the company's stock worth $17,015,000 after buying an additional 70,525 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

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.

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