In Friday’s Wall Street session, OneSpan Inc. (NASDAQ:OSPN) shares traded at $13.75, down -2.62% from the previous session.
OSPN stock price is now 37.90% away from the 50-day moving average and 11.71% away from the 200-day moving average. The market capitalization of the company currently stands at $560.04M.
With the price target of $28, Craig Hallum recently initiated with Buy rating for OneSpan Inc. (NASDAQ: OSPN). On April 15, 2021, Sidoti Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $39, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, McConnell Michael J, Director bought 6,000 shares of the company’s stock on Sep 08. The stock was bought for $59,800 at an average price of $9.97. Upon completion of the transaction, the Director now directly owns 50,408 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, Director McConnell Michael J bought 2,000 shares of the business’s stock. A total of $19,420 was incurred on buying the stock at an average price of $9.71. This leaves the insider owning 44,408 shares of the company worth $0.61 million. Insiders disposed of 308,127 shares of company stock worth roughly $4.24 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OSPN stock. A new stake in OneSpan Inc. shares was purchased by LYNROCK LAKE LP during the first quarter worth $1,798,000. BOOTHBAY FUND MANAGEMENT, LLC invested $1,085,000 in shares of OSPN during the first quarter. In the first quarter, ALGERT GLOBAL LLC acquired a new stake in OneSpan Inc. valued at approximately $1,029,000. AXA S.A. acquired a new stake in OSPN for approximately $799,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC purchased a new stake in OSPN valued at around $613,000 in the second quarter. In total, there are 232 active investors with 84.60% ownership of the company’s stock.
On Friday morning OneSpan Inc. (NASDAQ: OSPN) stock kicked off with the opening price of $14.12. During the past 12 months, OneSpan Inc. has had a low of $8.15 and a high of $20.54. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.20, and a quick ratio of 2.00. The fifty day moving average price for OSPN is $10.03 and a two-hundred day moving average price translates $12.30 for the stock.
The latest earnings results from OneSpan Inc. (NASDAQ: OSPN) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.09 by -0.01. This compares to -$0.02 EPS in the same period last year. The net profit margin was -11.30% and return on equity was -11.90% for OSPN. The company reported revenue of $57.15 million for the quarter, compared to $52.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.32 percent. For the current quarter, analysts expect OSPN to generate $52.63M in revenue.
OneSpan Inc.(OSPN) Company Profile
OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity 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 signing, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services. It also provides Mobile Security Suite, a software development kit; Mobile Authenticator Studio, a mobile authenticator that operates as a discrete mobile application; and authentication servers, which enables customers to administer a high level of access control. In addition, it offers Trusted Identity Platform, a cloud platform that simplify and secure user journeys; Intelligent Adaptive Authentication; and Risk Analytics, a comprehensive anti-fraud solution. It sells its solutions through its direct sales force, as well as through distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in May 2018. OneSpan Inc. was founded in 1991 and is headquartered in Chicago, Illinois. OneSpan Inc. was a former subsidiary of Guidewire Software, Inc.