Onespan (NASDAQ:OSPN) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Onespan (NASDAQ:OSPN) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

Several other research firms have also issued reports on OSPN. National Securities restated a buy rating and issued a $23.00 target price on shares of Onespan in a report on Friday, July 26th. Wedbush restated a hold rating and issued a $17.00 target price on shares of Onespan in a report on Friday, July 26th. Zacks Investment Research lowered shares of Onespan from a hold rating to a sell rating in a report on Tuesday, July 30th. Finally, B. Riley initiated coverage on shares of Onespan in a report on Tuesday, June 25th. They issued a buy rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $20.20.

Shares of Onespan stock traded down $0.04 during trading on Tuesday, hitting $16.55. The stock had a trading volume of 607 shares, compared to its average volume of 115,714. The firm’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $16.01. The stock has a market cap of $636.89 million, a PE ratio of 45.82, a PEG ratio of 4.83 and a beta of 2.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.88 and a quick ratio of 2.56. Onespan has a 12 month low of $11.41 and a 12 month high of $21.61.



Onespan (NASDAQ:OSPN) last released its earnings results on Thursday, July 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). The firm had revenue of $56.20 million during the quarter, compared to the consensus estimate of $56.29 million. Onespan had a positive return on equity of 2.45% and a negative net margin of 2.30%. Onespan’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Analysts expect that Onespan will post 0.33 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new position in Onespan in the 1st quarter worth about $38,000. Patriot Financial Group Insurance Agency LLC increased its stake in Onespan by 3,600.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,700 shares of the company’s stock worth $50,000 after buying an additional 3,600 shares during the period. Bank of Montreal Can increased its stake in Onespan by 206.9% in the 2nd quarter. Bank of Montreal Can now owns 4,113 shares of the company’s stock worth $58,000 after buying an additional 2,773 shares during the period. KBC Group NV purchased a new position in Onespan in the 2nd quarter worth about $136,000. Finally, Private Advisors LLC purchased a new position in Onespan in the 2nd quarter worth about $156,000. 68.17% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Onespan (NASDAQ:OSPN)

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