Onespan (NASDAQ:OSPN) Stock Jumps 6.8% - Should You Buy?

Key Points

• OneSpan shares rose 6.8% to about $20.53 in mid-day trading, moving well above the 50-day and 200-day moving averages.
• Analyst sentiment is moderately bullish: the consensus rating is “Moderate Buy”, though the $17 average price target remains below the current share price.
• The company exceeded quarterly expectations with $0.30 earnings per share and $60.47 million in revenue, while paying a quarterly dividend of $0.13 per share for a 2.5% annualized yield.

Onespan Inc (NASDAQ:OSPN - Get Free Report)'s stock price traded up 6.8% during mid-day trading on Friday. The stock traded as high as $20.42 and last traded at $20.5250. Approximately 421,848 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 543,473 shares. The stock had previously closed at $19.21.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OSPN. DA Davidson boosted their target price on Onespan from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 14th. Finally, Rosenblatt Securities lifted their target price on shares of Onespan from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Onespan Stock Up 7.1%

The business's 50-day moving average is $17.19 and its two-hundred day moving average is $14.94. The firm has a market capitalization of $758.19 million, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.64 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33.

Onespan (NASDAQ:OSPN - Get Free Report) last issued its 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 net margin of 27.76% and a return on equity of 16.91%. The firm had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million. On average, equities analysts anticipate that Onespan Inc will post 1.05 earnings per share for the current year.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 14th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, August 14th. This represents a $0.52 annualized dividend and a yield of 2.5%. Onespan's payout ratio is currently 29.21%.

Institutional Investors Weigh In On Onespan

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Onespan in the 2nd quarter valued at approximately $59,607,000. Legal & General Group Plc acquired a new position in shares of Onespan in the second quarter valued at approximately $31,248,000. Arrowstreet Capital Limited Partnership increased its position in shares of Onespan by 94.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company's stock worth $13,355,000 after acquiring an additional 617,092 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Onespan during the second quarter worth $7,272,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company's stock worth $15,421,000 after acquiring an additional 349,648 shares during the period. 95.52% of the stock is currently owned by institutional investors.

About Onespan

OneSpan Inc NASDAQ: OSPN provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company's offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.

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