OneSpan Inc. Expected to Post Q2 2024 Earnings of $0.12 Per Share (NASDAQ:OSPN)

OneSpan Inc. (NASDAQ:OSPN) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for OneSpan in a research report issued on Friday, May 3rd. DA Davidson analyst R. Kessinger expects that the company will post earnings of $0.12 per share for the quarter. DA Davidson has a “Neutral” rating and a $12.50 price objective on the stock. The consensus estimate for OneSpan’s current full-year earnings is $0.71 per share. DA Davidson also issued estimates for OneSpan’s FY2025 earnings at $0.93 EPS.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a positive return on equity of 6.13% and a negative net margin of 3.29%. The company had revenue of $62.93 million for the quarter.

Several other research firms have also recently issued reports on OSPN. Sidoti cut OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Tuesday, April 2nd. Craig Hallum increased their price objective on OneSpan from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, StockNews.com raised shares of OneSpan from a “hold” rating to a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

OneSpan Stock Down 2.1 %

Shares of NASDAQ OSPN opened at $12.09 on Monday. The firm has a market cap of $457.61 million, a price-to-earnings ratio of -67.16 and a beta of 0.82. The company’s 50-day simple moving average is $10.74 and its 200-day simple moving average is $10.24. OneSpan has a 52-week low of $7.64 and a 52-week high of $17.20.

Hedge Funds Weigh In On OneSpan

Institutional investors have recently bought and sold shares of the company. TFO Wealth Partners LLC raised its position in shares of OneSpan by 15,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock valued at $38,000 after buying an additional 3,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in OneSpan by 64.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock valued at $56,000 after purchasing an additional 2,027 shares during the period. Gladius Capital Management LP acquired a new position in shares of OneSpan in the 4th quarter valued at $95,000. SG Americas Securities LLC purchased a new position in shares of OneSpan during the 4th quarter worth $112,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of OneSpan by 100.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock worth $129,000 after purchasing an additional 5,578 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at OneSpan

In related news, Director Michael J. Mcconnell bought 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $9.83 per share, for a total transaction of $49,150.00. Following the acquisition, the director now directly owns 73,849 shares in the company, valued at $725,935.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% 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.