National Securities reaffirmed their buy rating on shares of Onespan (NASDAQ:OSPN) in a research report report published on Friday, AnalystRatings.com reports. The brokerage currently has a $23.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. B. Riley set a $23.00 price target on Pretium Resources and gave the company a buy rating in a report on Tuesday, June 25th. ValuEngine raised Worldline from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. TheStreet cut Tesla from a c- rating to a d+ rating in a report on Monday, April 29th. Finally, Wedbush set a $12.00 price objective on GameStop and gave the company a buy rating in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Onespan currently has a consensus rating of Buy and a consensus target price of $20.20.

OSPN stock traded down $0.90 during midday trading on Friday, reaching $14.97. 352,716 shares of the company’s stock traded hands, compared to its average volume of 212,473. The business has a 50-day moving average of $14.45. Onespan has a 1-year low of $11.41 and a 1-year high of $21.61. The stock has a market cap of $638.21 million, a P/E ratio of 105.80, 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.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Onespan had a negative net margin of 2.30% and a positive return on equity of 2.44%. The business had revenue of $56.20 million for the quarter, compared to analyst estimates of $56.29 million. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Onespan will post 0.39 earnings per share for the current fiscal year.

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

Several large investors have recently bought and sold shares of OSPN. BlackRock Inc. increased its holdings in Onespan by 3.5% in the fourth quarter. BlackRock Inc. now owns 4,730,397 shares of the company’s stock valued at $61,258,000 after purchasing an additional 161,916 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Onespan by 1.0% during the fourth 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 last quarter. Robeco Institutional Asset Management B.V. boosted its position in Onespan by 35.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 570,000 shares of the company’s stock valued at $8,077,000 after purchasing an additional 150,000 shares during the last quarter. FMR LLC acquired a new position in Onespan during the fourth quarter valued at approximately $6,108,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Onespan by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 405,013 shares of the company’s stock valued at $5,245,000 after buying an additional 7,674 shares during the last quarter. Institutional investors and hedge funds own 64.66% of the company’s stock.

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.

Further Reading: How to build a Fibonacci channel

Analyst Recommendations for Onespan (NASDAQ:OSPN)

Receive News & Ratings for Onespan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onespan and related companies with MarketBeat.com's FREE daily email newsletter.