Investment analysts at B. Riley assumed coverage on shares of Onespan (NASDAQ:OSPN) in a research note issued on Tuesday, June 25th, MarketBeat reports. The firm set a “buy” rating and a $22.00 price target on the stock. B. Riley’s price objective suggests a potential upside of 38.63% from the stock’s previous close. B. Riley also issued estimates for Onespan’s Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $0.37 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at $0.30 EPS and FY2020 earnings at $0.67 EPS.
OSPN has been the topic of several other reports. TheStreet cut shares of Tesla from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Wedbush set a $12.00 price target on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, May 31st. Zacks Investment Research cut shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Finally, ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.50.
Onespan stock traded up $0.09 during trading hours on Tuesday, hitting $15.87. The stock had a trading volume of 236,600 shares, compared to its average volume of 254,834. The stock has a 50-day simple moving average of $14.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 2.34. The company has a market cap of $632.17 million, a PE ratio of 43.61, a P/E/G ratio of 4.01 and a beta of 2.05. Onespan has a 12-month low of $11.41 and a 12-month high of $21.61.
In other news, insider Scott Clements bought 3,500 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $14.25 per share, with a total value of $49,875.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director T Kendall Hunt sold 34,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $14.33, for a total value of $487,220.00. The disclosure for this sale can be found here. 19.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of OSPN. Rhumbline Advisers grew its stake in shares of Onespan by 0.6% in the first quarter. Rhumbline Advisers now owns 90,321 shares of the company’s stock worth $1,736,000 after purchasing an additional 572 shares during the last quarter. Comerica Bank raised its holdings in shares of Onespan by 2.4% in the 1st quarter. Comerica Bank now owns 31,095 shares of the company’s stock worth $585,000 after acquiring an additional 720 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Onespan by 3.7% in the 1st quarter. Texas Permanent School Fund now owns 21,303 shares of the company’s stock worth $409,000 after acquiring an additional 755 shares during the last quarter. Redmond Asset Management LLC grew its position in Onespan by 1.2% in the 1st quarter. Redmond Asset Management LLC now owns 76,731 shares of the company’s stock worth $1,475,000 after purchasing an additional 940 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Onespan by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 254,922 shares of the company’s stock worth $3,301,000 after purchasing an additional 1,581 shares in the last quarter. Hedge funds and other institutional investors own 64.70% 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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