Key Points
- OneSpan General Counsel Lara Mataac sold 5,000 shares for $113,850 at an average price of $22.77, reducing her direct holdings by 6.57% to 71,060 shares.
- Quarterly results topped forecasts: OneSpan reported EPS of $0.35 versus $0.24 expected and revenue of $63.89 million versus $57.43 million expected.
- The company announced a quarterly dividend of $0.13 per share, equivalent to an annualized yield of 2.3%. Analysts’ consensus rating was “Hold,” with a $24 average price target.
Onespan Inc (NASDAQ:OSPN - Get Free Report) General Counsel Lara Mataac sold 5,000 shares of the firm's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $22.77, for a total value of $113,850.00. Following the sale, the general counsel directly owned 71,060 shares of the company's stock, valued at approximately $1,618,036.20. This represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Onespan Stock Up 4.6%
Onespan stock opened at $22.59 on Tuesday. The firm has a 50 day moving average price of $18.70 and a 200-day moving average price of $14.40. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $27.45. The company has a market capitalization of $833.57 million, a P/E ratio of 12.48, a P/E/G ratio of 1.99 and a beta of 1.52.
Onespan (NASDAQ:OSPN - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Onespan had a return on equity of 15.96% and a net margin of 27.52%. The business had revenue of $63.89 million for the quarter, compared to analysts' expectations of $57.43 million. As a group, equities analysts predict that Onespan Inc will post 1.08 EPS for the current year.
Onespan Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. Onespan's payout ratio is presently 28.73%.
Analyst Ratings Changes
OSPN has been the topic of several recent analyst reports. Wall Street Zen raised Onespan from a "hold" rating to a "buy" rating in a report on Saturday. B. Riley Financial increased their price target on shares of Onespan from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Friday, October 30th. DA Davidson lifted their price objective on shares of Onespan from $16.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, October 30th. Weiss Ratings raised shares of Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 14th. Finally, Rosenblatt Securities lowered shares of Onespan from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Onespan currently has an average rating of "Hold" and a consensus target price of $24.00.
Check Out Our Latest Stock Report on OSPN
Hedge Funds Weigh In On Onespan
Large investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Onespan in the 2nd quarter valued at $894,000. Legal & General Group Plc bought a new position in shares of Onespan during the 2nd quarter valued at $31,248,000. Bank of New York Mellon Corp bought a new position in shares of Onespan during the 2nd quarter valued at $7,272,000. Ieq Capital LLC purchased a new position in Onespan in the 2nd quarter worth $1,635,000. Finally, Dimensional Fund Advisors LP raised its position in Onespan by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company's stock worth $15,421,000 after purchasing an additional 349,648 shares during the period. 95.52% of the stock is owned by hedge funds and other institutional investors.
Onespan Company Profile
(
Get Free Report)
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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