StockNews.com Lowers OneSpan (NASDAQ:OSPN) to Hold

StockNews.com downgraded shares of OneSpan (NASDAQ:OSPN) from a buy rating to a hold rating in a research report report published on Friday.

Separately, Sidoti lowered shares of OneSpan from a buy rating to a neutral rating and set a $12.00 price objective for the company. in a research note on Tuesday, April 2nd.

OneSpan Price Performance

Shares of OSPN stock opened at $10.79 on Friday. The firm has a market cap of $408.40 million, a PE ratio of -14.58 and a beta of 0.80. The company has a 50-day moving average of $10.49 and a two-hundred day moving average of $10.13. OneSpan has a 1-year low of $7.64 and a 1-year high of $17.20.

OneSpan (NASDAQ:OSPN) last announced its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. The company had revenue of $62.93 million during the quarter. Sell-side analysts anticipate that OneSpan will post 0.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael J. Mcconnell purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the purchase, the director now directly owns 73,849 shares of the company’s stock, valued at $725,935.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

Institutional Trading of OneSpan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in OneSpan during the third quarter worth approximately $1,968,000. Vanguard Group Inc. raised its holdings in OneSpan by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock worth $34,202,000 after purchasing an additional 11,757 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in OneSpan during the fourth quarter worth approximately $219,000. Kennedy Capital Management LLC raised its holdings in OneSpan by 93.4% during the third quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after purchasing an additional 144,883 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of OneSpan in the 4th quarter valued at $112,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.