BidaskClub Upgrades Onespan (NASDAQ:OSPN) to Strong-Buy

BidaskClub upgraded shares of Onespan (NASDAQ:OSPN) from a buy rating to a strong-buy rating in a research note published on Saturday, BidAskClub reports.

Several other equities analysts have also issued reports on the stock. Sidoti lifted their price target on shares of Onespan from $23.00 to $29.00 and gave the stock a buy rating in a report on Thursday, June 18th. ValuEngine lowered shares of Onespan from a buy rating to a hold rating in a report on Thursday, April 9th. BTIG Research reaffirmed a neutral rating on shares of Onespan in a report on Friday, March 27th. Needham & Company LLC lifted their price target on shares of Onespan from $24.00 to $31.00 and gave the stock a buy rating in a report on Wednesday, June 24th. Finally, TheStreet lowered shares of Onespan from a b- rating to a c+ rating in a report on Tuesday, March 3rd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $25.40.

Shares of OSPN stock opened at $27.93 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 75.49, a PEG ratio of 5.63 and a beta of 1.05. The company’s 50 day moving average is $21.52 and its 200 day moving average is $18.12. The company has a quick ratio of 2.76, a current ratio of 3.03 and a debt-to-equity ratio of 0.05. Onespan has a 52-week low of $10.88 and a 52-week high of $28.29.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. The company had revenue of $56.50 million for the quarter, compared to analyst estimates of $50.35 million. Onespan had a net margin of 5.53% and a return on equity of 10.91%. Onespan’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. Analysts anticipate that Onespan will post 0.47 EPS for the current fiscal year.

In related news, Director Marc Boroditsky acquired 3,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $17.25 per share, for a total transaction of $51,750.00. Following the completion of the purchase, the director now owns 3,000 shares of the company’s stock, valued at approximately $51,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director T Kendall Hunt sold 192,631 shares of Onespan stock in a transaction on Friday, May 8th. The stock was sold at an average price of $19.35, for a total transaction of $3,727,409.85. Following the sale, the director now owns 5,154,658 shares of the company’s stock, valued at $99,742,632.30. The disclosure for this sale can be found here. Insiders have sold 694,878 shares of company stock valued at $13,788,520 over the last quarter. Insiders own 18.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its position in Onespan by 31.4% during the first quarter. Legal & General Group Plc now owns 2,010,505 shares of the company’s stock valued at $35,024,000 after purchasing an additional 480,950 shares during the period. Russell Investments Group Ltd. lifted its position in Onespan by 75.4% during the first quarter. Russell Investments Group Ltd. now owns 663,650 shares of the company’s stock valued at $12,037,000 after purchasing an additional 285,190 shares during the period. Deutsche Bank AG lifted its position in Onespan by 140.8% during the first quarter. Deutsche Bank AG now owns 407,902 shares of the company’s stock valued at $7,403,000 after purchasing an additional 238,523 shares during the period. Marshall Wace LLP acquired a new position in Onespan during the fourth quarter valued at $3,964,000. Finally, Alyeska Investment Group L.P. acquired a new position in Onespan during the first quarter valued at $2,857,000. Institutional investors and hedge funds own 68.93% of the company’s stock.

Onespan Company Profile

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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Analyst Recommendations for Onespan (NASDAQ:OSPN)

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