Onespan (NASDAQ:OSPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $19.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential downside of 1.66% from the company’s previous close.
According to Zacks, “OneSpan Inc. provides software services. The Company designs and develops security software and e-signature solutions which protects devices and financial transactions from fraud and misuse. It delivers risk analytics, mobile security and authentication services. OneSpan Inc., formerly known as Vasco Data Sec, is based in Chicago, United States. “
Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Onespan from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. National Securities initiated coverage on shares of Onespan in a report on Thursday, January 3rd. They issued a “buy” rating for the company. Sidoti initiated coverage on shares of Onespan in a report on Monday, December 3rd. They issued a “buy” rating for the company. Finally, Imperial Capital raised shares of Onespan from an “in-line” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, November 5th. Five equities research analysts have rated the stock with a buy rating, Onespan currently has a consensus rating of “Buy” and a consensus price target of $19.00.
NASDAQ OSPN opened at $19.32 on Thursday. Onespan has a 52 week low of $11.41 and a 52 week high of $25.45. The stock has a market cap of $675.10 million, a PE ratio of 53.67, a price-to-earnings-growth ratio of 3.49 and a beta of 1.93.
Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Tuesday, February 19th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The firm had revenue of $64.80 million during the quarter, compared to analyst estimates of $59.94 million. Onespan had a net margin of 1.81% and a return on equity of 6.72%. The company’s revenue was up 18.9% compared to the same quarter last year. As a group, sell-side analysts expect that Onespan will post 0.48 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Onespan by 3.5% in the 4th quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock worth $61,258,000 after purchasing an additional 161,916 shares during the period. Vanguard Group Inc boosted its stake in Onespan by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 1,916,545 shares of the company’s stock worth $36,510,000 after purchasing an additional 105,798 shares during the period. Vanguard Group Inc. boosted its stake in Onespan by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,916,545 shares of the company’s stock worth $36,510,000 after purchasing an additional 105,798 shares during the period. Dimensional Fund Advisors LP boosted its stake in Onespan by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock worth $19,711,000 after purchasing an additional 15,311 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Onespan by 436.3% in the 4th quarter. Ancora Advisors LLC now owns 695,588 shares of the company’s stock worth $9,008,000 after purchasing an additional 565,896 shares during the period. Institutional investors and hedge funds own 62.61% of the company’s stock.
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.
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