Key Points
- OneSpan CFO Jorge Garcia Martell sold 8,000 shares for $176,320, reducing his direct ownership by 8.47% to 86,421 shares.
- The company beat quarterly expectations, reporting $0.35 earnings per share versus $0.24 forecast and $63.89 million in revenue versus $57.43 million expected.
- OneSpan announced a quarterly dividend of $0.13 per share (2.4% annualized yield); analysts’ consensus rating is Hold, with an average price target of $24.
Onespan Inc (NASDAQ:OSPN - Get Free Report) CFO Jorge Martell sold 8,000 shares of Onespan stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $22.04, for a total value of $176,320.00. Following the completion of the sale, the chief financial officer directly owned 86,421 shares in the company, valued at $1,904,718.84. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Onespan Stock Down 3.0%
NASDAQ OSPN opened at $21.92 on Wednesday. The stock has a 50 day moving average price of $18.81 and a 200-day moving average price of $14.45. Onespan Inc has a one year low of $10.07 and a one year high of $27.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.35. The company has a market capitalization of $808.85 million, a P/E ratio of 12.11, a P/E/G ratio of 1.90 and a beta of 1.52.
Onespan (NASDAQ:OSPN - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Onespan had a net margin of 27.52% and a return on equity of 15.96%. The company 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 fiscal year.
Onespan Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $0.13 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. Onespan's payout ratio is 28.73%.
Analyst Ratings Changes
Several research analysts have commented on OSPN shares. Weiss Ratings raised shares of Onespan from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday. DA Davidson raised their target price on shares of Onespan from $16.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, October 30th. Wall Street Zen upgraded shares of Onespan from a "hold" rating to a "buy" rating in a report on Saturday. B. Riley Financial lifted their price target on shares of Onespan from $22.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. Finally, Rosenblatt Securities downgraded shares of Onespan from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a 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.com, Onespan currently has a consensus rating of "Hold" and an average target price of $24.00.
Get Our Latest Stock Report on Onespan
Hedge Funds Weigh In On Onespan
Several institutional investors have recently bought and sold shares of OSPN. BlackRock Inc. bought a new stake in Onespan during the 2nd quarter valued at $59,607,000. Legal & General Group Plc purchased a new position in shares of Onespan in the 2nd quarter valued at $31,248,000. Arrowstreet Capital Limited Partnership raised its position in shares of Onespan by 94.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company's stock worth $13,355,000 after acquiring an additional 617,092 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Onespan in the 2nd quarter worth $7,272,000. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 acquiring an additional 349,648 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.
About Onespan
(
Get Free Report)
OneSpan Inc. provides cybersecurity and digital agreement solutions that help organizations protect digital interactions and transactions. Its offerings are used by financial institutions, government agencies and other businesses to support secure access, identity verification and digital workflows. The company's products include authentication tools, such as hardware and software-based security credentials, and OneSpan Sign, an electronic signature solution. OneSpan also offers software and services for managing digital agreements and securing transactions across online and mobile channels.
Further Reading
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