Onespan (NASDAQ:OSPN) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of Onespan (NASDAQ:OSPN) from a buy rating to a hold rating in a research report report published on Friday morning, ValuEngine reports.

OSPN has been the subject of several other research reports. National Securities restated a buy rating and issued a $23.00 price target on shares of Onespan in a research note on Friday, July 26th. B. Riley started coverage on Onespan in a research note on Tuesday, June 25th. They issued a buy rating and a $22.00 price target for the company. Wedbush restated a hold rating and issued a $17.00 price target on shares of Onespan in a research note on Friday, July 26th. Finally, Zacks Investment Research cut Onespan from a hold rating to a sell rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Onespan currently has a consensus rating of Hold and a consensus target price of $20.20.

OSPN stock opened at $15.16 on Friday. Onespan has a 1-year low of $11.41 and a 1-year high of $21.61. The business has a fifty day moving average price of $14.23 and a 200-day moving average price of $15.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.88 and a quick ratio of 2.56. The stock has a market capitalization of $611.48 million, a P/E ratio of 42.11, a P/E/G ratio of 4.88 and a beta of 2.12.



Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Onespan had a positive return on equity of 2.45% and a negative net margin of 2.30%. The business had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $56.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that Onespan will post 0.32 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of OSPN. Patriot Financial Group Insurance Agency LLC increased its position in Onespan by 3,600.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,700 shares of the company’s stock valued at $50,000 after acquiring an additional 3,600 shares during the last quarter. Bank of Montreal Can increased its position in Onespan by 206.9% during the second quarter. Bank of Montreal Can now owns 4,113 shares of the company’s stock valued at $58,000 after acquiring an additional 2,773 shares during the last quarter. KBC Group NV purchased a new stake in Onespan during the second quarter valued at $136,000. Private Advisors LLC purchased a new stake in Onespan during the second quarter valued at $156,000. Finally, SG Americas Securities LLC purchased a new stake in Onespan during the first quarter valued at $196,000. Institutional investors own 68.18% of the company’s stock.

Onespan Company Profile

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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