Onespan (NASDAQ:OSPN) Sets New 1-Year High - What's Next?

Key Points

• OneSpan shares reached a new 52-week high, trading as high as $18.83 and closing around $18.68, up 2.5% from the prior close.
• Analyst sentiment is generally positive: the stock has an average “Moderate Buy” rating, with a consensus price target of $17.00, while recent analysts raised their targets.
• OneSpan reported stronger-than-expected quarterly results, with EPS of $0.30 versus the $0.23 consensus and revenue of $60.47 million. The company also maintains a quarterly dividend of $0.13, or $0.52 annually, yielding about 2.8%.

Onespan Inc (NASDAQ:OSPN - Get Free Report)'s stock price reached a new 52-week high on Wednesday. The company traded as high as $18.83 and last traded at $18.68, with a volume of 197,459 shares changing hands. The stock had previously closed at $18.25.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Onespan from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 14th. Finally, DA Davidson increased their price target on Onespan from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.00.

Onespan Stock Up 2.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23. The business has a 50 day moving average price of $17.10 and a 200 day moving average price of $14.82. The firm has a market capitalization of $689.06 million, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. Onespan had a return on equity of 16.91% and a net margin of 27.76%. The firm had revenue of $60.47 million during the quarter, compared to analysts' expectations of $58.25 million. On average, analysts predict that Onespan Inc will post 1.05 earnings per share for the current year.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were paid a $0.13 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. Onespan's payout ratio is 29.21%.

Institutional Investors Weigh In On Onespan

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Range Financial Group LLC bought a new stake in shares of Onespan in the 3rd quarter valued at about $2,008,000. GAMMA Investing LLC lifted its position in shares of Onespan by 11.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,781 shares of the company's stock valued at $139,000 after acquiring an additional 821 shares during the period. Engineers Gate Manager LP acquired a new stake in Onespan during the second quarter worth about $222,000. Integrated Wealth Concepts LLC acquired a new position in Onespan during the second quarter valued at approximately $88,000. Finally, Spark Investment Management LLC bought a new position in Onespan in the 2nd quarter valued at approximately $191,000. Institutional investors own 95.52% of the company's stock.

Onespan Company Profile

OneSpan Inc NASDAQ: OSPN provides digital identity, authentication and electronic-signature solutions designed to help organizations secure online transactions and agreements. Its offerings support financial institutions, businesses and government organizations as they manage digital interactions, protect user access and meet security and compliance requirements.

The company's portfolio includes multi-factor authentication, mobile and hardware authentication devices, transaction signing, identity verification and electronic-signature software.

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