Onespan (NASDAQ:OSPN) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Onespan (NASDAQ:OSPN – Free Report) from a hold rating to a buy rating in a research report released on Friday.

OSPN has been the topic of a number of other reports. B. Riley assumed coverage on Onespan in a report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price target on the stock. Rosenblatt Securities decreased their target price on Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Onespan has a consensus rating of “Buy” and a consensus price target of $19.67.

Read Our Latest Analysis on Onespan

Onespan Stock Up 0.1%

Onespan stock opened at $15.21 on Friday. Onespan has a 52 week low of $12.51 and a 52 week high of $20.36. The company’s 50 day moving average price is $15.10 and its two-hundred day moving average price is $15.46. The stock has a market cap of $583.00 million, a P/E ratio of 10.07 and a beta of 1.30.

Onespan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 15th. Onespan’s dividend payout ratio is currently 31.79%.

Insider Buying and Selling at Onespan

In other Onespan news, Director Marc Zenner acquired 2,200 shares of the company’s stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $12.80 per share, with a total value of $28,160.00. Following the completion of the acquisition, the director directly owned 71,273 shares in the company, valued at $912,294.40. This trade represents a 3.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Garry L. Capers bought 2,000 shares of Onespan stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $13.07 per share, with a total value of $26,140.00. Following the purchase, the director directly owned 36,894 shares of the company’s stock, valued at approximately $482,204.58. This represents a 5.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Onespan

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in Onespan in the 1st quarter worth about $195,000. Victory Capital Management Inc. lifted its holdings in shares of Onespan by 49.3% in the first quarter. Victory Capital Management Inc. now owns 86,794 shares of the company’s stock worth $1,324,000 after buying an additional 28,660 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Onespan by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company’s stock valued at $395,000 after acquiring an additional 3,994 shares during the period. GAMMA Investing LLC grew its stake in Onespan by 1,501.9% during the first quarter. GAMMA Investing LLC now owns 42,563 shares of the company’s stock valued at $649,000 after acquiring an additional 39,906 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Onespan by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company’s stock valued at $546,000 after acquiring an additional 12,332 shares in the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Onespan Company Profile

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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.

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