Onespan Inc (OSPN) Insider Acquires $49,875.00 in Stock

Onespan Inc (NASDAQ:OSPN) insider Scott Clements purchased 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average cost of $14.25 per share, for a total transaction of $49,875.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:OSPN traded down $0.50 during midday trading on Thursday, reaching $13.61. The company had a trading volume of 9,709 shares, compared to its average volume of 316,117. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 2.55. The company has a market capitalization of $568.63 million, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 3.45 and a beta of 2.02. Onespan Inc has a 52-week low of $11.41 and a 52-week high of $25.45.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.16). The company had revenue of $47.61 million during the quarter, compared to analysts’ expectations of $48.48 million. Onespan had a positive return on equity of 3.73% and a negative net margin of 1.69%. Onespan’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. As a group, research analysts predict that Onespan Inc will post 0.41 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in Onespan by 40.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,457 shares of the company’s stock valued at $2,161,000 after acquiring an additional 32,466 shares during the period. Essex Investment Management Co. LLC bought a new stake in Onespan in the 1st quarter valued at about $1,458,000. Cresset Asset Management LLC bought a new stake in Onespan in the 1st quarter valued at about $25,000. Geode Capital Management LLC raised its stake in Onespan by 11.3% in the 1st quarter. Geode Capital Management LLC now owns 389,532 shares of the company’s stock valued at $7,486,000 after acquiring an additional 39,574 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Onespan by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 176,952 shares of the company’s stock valued at $3,402,000 after acquiring an additional 6,339 shares during the period. 64.70% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on OSPN shares. Zacks Investment Research raised shares of Onespan from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Thursday, February 21st. ValuEngine raised shares of Onespan from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Finally, TheStreet raised shares of Onespan from a “c” rating to a “b-” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Onespan has a consensus rating of “Buy” and an average price target of $19.50.

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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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