VASCO Data Security International, Inc. (VDSI) Lowered to “Strong Sell” at BidaskClub

VASCO Data Security International, Inc. (NASDAQ:VDSI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also weighed in on VDSI. Zacks Investment Research upgraded shares of VASCO Data Security International from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, May 2nd. BTIG Research reiterated a “buy” rating and issued a $18.00 price objective on shares of VASCO Data Security International in a research note on Monday, April 24th. ValuEngine upgraded shares of VASCO Data Security International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Imperial Capital started coverage on shares of VASCO Data Security International in a research note on Monday, June 26th. They issued an “outperform” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.33.

Shares of VASCO Data Security International (NASDAQ:VDSI) traded up 0.205% on Friday, hitting $12.225. 70,083 shares of the stock traded hands. VASCO Data Security International has a one year low of $12.05 and a one year high of $19.30. The stock has a 50 day moving average of $13.58 and a 200 day moving average of $13.68. The company has a market cap of $486.52 million, a PE ratio of 78.871 and a beta of 1.38.

VASCO Data Security International (NASDAQ:VDSI) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. The firm had revenue of $45.70 million for the quarter, compared to analyst estimates of $42.87 million. VASCO Data Security International had a net margin of 3.45% and a return on equity of 6.06%. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities analysts anticipate that VASCO Data Security International will post $0.08 earnings per share for the current year.

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In related news, CEO T Kendall Hunt sold 19,455 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $13.58, for a total transaction of $264,198.90. Following the sale, the chief executive officer now directly owns 7,641,025 shares of the company’s stock, valued at $103,765,119.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 203,850 shares of company stock worth $2,766,543 over the last three months. 25.88% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its stake in shares of VASCO Data Security International by 6.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,110 shares of the technology company’s stock worth $102,000 after buying an additional 410 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of VASCO Data Security International by 56.6% in the second quarter. BNP Paribas Arbitrage SA now owns 9,127 shares of the technology company’s stock worth $131,000 after buying an additional 3,297 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VASCO Data Security International during the first quarter worth about $136,000. Tiedemann Wealth Management LLC increased its stake in shares of VASCO Data Security International by 6.5% in the first quarter. Tiedemann Wealth Management LLC now owns 10,725 shares of the technology company’s stock worth $145,000 after buying an additional 650 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of VASCO Data Security International by 14.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock worth $146,000 after buying an additional 1,332 shares during the period. 47.85% of the stock is currently owned by hedge funds and other institutional investors.

VASCO Data Security International Company Profile

VASCO Data Security International, Inc designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses.

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