ValuEngine Downgrades Onespan (OSPN) to Buy

ValuEngine cut shares of Onespan (NASDAQ:OSPN) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday, April 4th, ValuEngine reports.

OSPN has been the subject of a number of other research reports. Zacks Investment Research upgraded Onespan from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Friday, March 8th. TheStreet upgraded Onespan from a c rating to a b- rating in a report on Monday, March 18th. Finally, National Securities initiated coverage on Onespan in a research report on Thursday, January 3rd. They issued a buy rating for the company. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $19.50.

NASDAQ OSPN traded up $0.36 during trading on Thursday, hitting $19.26. 223,860 shares of the stock traded hands, compared to its average volume of 256,105. The stock has a market capitalization of $753.94 million, a PE ratio of 53.50, a P/E/G ratio of 3.96 and a beta of 2.07. Onespan has a 12-month low of $11.41 and a 12-month high of $25.45.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, February 21st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.10. The business had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $59.94 million. Onespan had a return on equity of 6.72% and a net margin of 1.81%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities analysts predict that Onespan will post 0.44 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of OSPN. BlackRock Inc. raised its stake in Onespan by 3.5% in the fourth quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock valued at $61,258,000 after buying an additional 161,916 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Onespan by 5.8% during the third 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 in the last quarter. Vanguard Group Inc increased its position in shares of Onespan by 5.8% during the third 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Onespan by 1.0% during the fourth 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 in the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Onespan by 436.3% during the fourth 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 in the last quarter. Institutional investors own 66.24% of the company’s stock.

About Onespan

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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