Onespan (OSPN) Upgraded to B- by TheStreet

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Onespan (NASDAQ:OSPN) was upgraded by TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Onespan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, March 8th. National Securities initiated coverage on shares of Onespan in a report on Thursday, January 3rd. They issued a “buy” rating on the stock. Sidoti initiated coverage on shares of Onespan in a report on Monday, December 3rd. They issued a “buy” rating on the stock. Finally, ValuEngine raised shares of Onespan from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.50.

OSPN stock opened at $20.21 on Monday. Onespan has a 52 week low of $11.41 and a 52 week high of $25.45. The firm has a market cap of $818.30 million, a P/E ratio of 56.14, a price-to-earnings-growth ratio of 4.57 and a beta of 2.09.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $64.80 million for the quarter, compared to analyst estimates of $59.94 million. Onespan had a net margin of 1.81% and a return on equity of 6.72%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, research analysts forecast that Onespan will post 0.44 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Royce & Associates LP purchased a new stake in shares of Onespan in the 4th quarter worth about $73,000. Municipal Employees Retirement System of Michigan purchased a new position in Onespan during the 4th quarter valued at about $116,000. Bank of America Corp DE purchased a new position in Onespan during the 2nd quarter valued at about $187,000. Metropolitan Life Insurance Co. NY lifted its position in Onespan by 294.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,139 shares of the company’s stock valued at $144,000 after acquiring an additional 8,317 shares during the period. Finally, Ibex Investors LLC purchased a new position in Onespan during the 3rd quarter valued at about $215,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Onespan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.

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