Onespan (NASDAQ:OSPN) Issues Earnings Results
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.
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.
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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