Wall Street Zen Upgrades Onespan (NASDAQ:OSPN) to “Buy”

by · The Markets Daily

Onespan (NASDAQ:OSPN – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms also recently weighed in on OSPN. DA Davidson dropped their price target on Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. B. Riley began coverage on Onespan in a research report on Tuesday, August 26th. They issued a “buy” rating and a $23.00 target price on the stock. Rosenblatt Securities cut their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Onespan has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Get Our Latest Stock Report on Onespan

Onespan Trading Up 0.3%

Shares of Onespan stock opened at $12.78 on Friday. The firm’s 50 day simple moving average is $13.30 and its two-hundred day simple moving average is $14.69. The firm has a market capitalization of $485.99 million, a price-to-earnings ratio of 8.69 and a beta of 1.51. Onespan has a 12-month low of $11.00 and a 12-month high of $20.36.

Onespan (NASDAQ:OSPN – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Onespan had a net margin of 24.08% and a return on equity of 18.41%. The firm had revenue of $57.06 million for the quarter, compared to analyst estimates of $58.18 million. On average, sell-side analysts predict that Onespan will post 1.11 EPS for the current fiscal year.

Insider Activity at Onespan

In other news, Director Michael J. Mcconnell bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average cost of $11.96 per share, with a total value of $598,000.00. Following the acquisition, the director directly owned 83,763 shares in the company, valued at $1,001,805.48. This trade represents a 148.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Trading of Onespan

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Onespan by 55.3% in the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company’s stock valued at $8,631,000 after acquiring an additional 201,585 shares during the period. Legal & General Group Plc raised its position in Onespan by 1.2% during the second quarter. Legal & General Group Plc now owns 2,370,774 shares of the company’s stock worth $39,568,000 after acquiring an additional 28,219 shares during the period. Acadian Asset Management LLC lifted its holdings in Onespan by 21.3% during the second quarter. Acadian Asset Management LLC now owns 985,370 shares of the company’s stock valued at $16,438,000 after purchasing an additional 173,185 shares in the last quarter. LSV Asset Management grew its position in shares of Onespan by 49.3% in the second quarter. LSV Asset Management now owns 721,249 shares of the company’s stock valued at $12,038,000 after purchasing an additional 238,041 shares during the period. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Onespan in the second quarter valued at about $1,020,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

About Onespan

(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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