Key Points
- Onespan CFO Jorge Garcia Martell sold 20,000 shares on June 16 at an average price of $14.45, totaling about $289,000. After the sale, he still owned 91,018 shares, and the transaction reduced his position by 18.02%.
- OSPN shares were trading around $14.26 at the time of the report, near the midpoint of their 52-week range of $10.07 to $18.13. The company has a market cap of about $528.7 million and a relatively low P/E ratio of 7.88.
- OneSpan recently beat quarterly expectations, reporting EPS of $0.39 versus the $0.36 consensus and revenue of $65.95 million versus $62.40 million expected. Analysts currently rate the stock a consensus Hold with an average price target of $16.67.
Onespan Inc (NASDAQ:OSPN - Get Free Report) CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the sale, the chief financial officer directly owned 91,018 shares in the company, valued at approximately $1,315,210.10. The trade was a 18.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Onespan Price Performance
NASDAQ:OSPN opened at $14.26 on Wednesday. Onespan Inc has a 1 year low of $10.07 and a 1 year high of $18.13. The stock's 50 day simple moving average is $12.56 and its two-hundred day simple moving average is $12.00. The company has a market cap of $528.66 million, a price-to-earnings ratio of 7.88, a PEG ratio of 1.27 and a beta of 1.53.
Onespan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. Onespan had a return on equity of 18.03% and a net margin of 28.47%.The business had revenue of $65.95 million for the quarter, compared to the consensus estimate of $62.40 million. As a group, analysts anticipate that Onespan Inc will post 1.02 EPS for the current year.
Onespan Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. Onespan's payout ratio is presently 28.73%.
Analyst Ratings Changes
A number of analysts have issued reports on OSPN shares. DA Davidson reduced their price objective on Onespan from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Weiss Ratings raised Onespan from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded Onespan from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Zacks Research raised Onespan from a "strong sell" rating to a "hold" rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $16.67.
Check Out Our Latest Report on OSPN
Hedge Funds Weigh In On Onespan
A number of institutional investors and hedge funds have recently modified their holdings of OSPN. Comerica Bank boosted its holdings in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company's stock worth $38,000 after purchasing an additional 2,021 shares during the period. Royal Bank of Canada boosted its holdings in shares of Onespan by 37.0% in the 1st quarter. Royal Bank of Canada now owns 67,916 shares of the company's stock worth $1,036,000 after purchasing an additional 18,328 shares during the period. Rhumbline Advisers boosted its holdings in shares of Onespan by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 58,546 shares of the company's stock worth $977,000 after purchasing an additional 4,027 shares during the period. American Century Companies Inc. boosted its holdings in shares of Onespan by 13.3% in the 2nd quarter. American Century Companies Inc. now owns 94,218 shares of the company's stock worth $1,572,000 after purchasing an additional 11,032 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Onespan by 85.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company's stock worth $1,076,000 after purchasing an additional 29,738 shares during the period. Hedge funds and other institutional investors own 95.52% of the company's stock.
Onespan Company Profile
(
Get Free Report)
OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.
The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.
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