Onespan (NASDAQ:OSPN) released its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04), Briefing.com reports. Onespan had a positive return on equity of 2.44% and a negative net margin of 2.30%. The company had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $56.29 million. During the same quarter in the previous year, the company earned $0.09 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Onespan updated its FY 2019 guidance to EPS.

Shares of OSPN traded down $0.90 during mid-day trading on Friday, hitting $14.97. 352,716 shares of the company’s stock were exchanged, compared to its average volume of 212,473. The firm’s fifty day simple moving average is $14.45. Onespan has a twelve month low of $11.41 and a twelve month high of $21.61. The firm has a market capitalization of $638.21 million, a PE ratio of 41.58, a price-to-earnings-growth ratio of 4.04 and a beta of 2.05. The company has a current ratio of 2.55, a quick ratio of 2.34 and a debt-to-equity ratio of 0.03.

In other news, insider Scott Clements bought 3,500 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $14.25 per share, for a total transaction of $49,875.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director T Kendall Hunt sold 34,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $14.33, for a total transaction of $487,220.00. The disclosure for this sale can be found here. Corporate insiders own 19.30% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can grew its stake in Onespan by 9.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 41,680 shares of the company’s stock valued at $800,000 after buying an additional 3,700 shares during the last quarter. Meitav Dash Investments Ltd. boosted its holdings in Onespan by 49.1% in the 1st quarter. Meitav Dash Investments Ltd. now owns 64,021 shares of the company’s stock valued at $1,261,000 after purchasing an additional 21,085 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Onespan by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock valued at $19,711,000 after purchasing an additional 15,311 shares during the period. Bank of New York Mellon Corp boosted its holdings in Onespan by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 405,013 shares of the company’s stock valued at $5,245,000 after purchasing an additional 7,674 shares during the period. Finally, Granite Investment Partners LLC bought a new stake in Onespan in the 1st quarter valued at $1,048,000. Institutional investors and hedge funds own 64.66% of the company’s stock.

Several brokerages have recently commented on OSPN. Wedbush increased their price target on shares of SVB Financial Group from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research note on Monday, April 29th. B. Riley set a $23.00 price target on shares of Pretium Resources and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, ValuEngine upgraded shares of Worldline from a “hold” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.20.

About Onespan

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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Earnings History for Onespan (NASDAQ:OSPN)

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