Shares of Onespan Inc (NASDAQ:OSPN) have been assigned a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company. Onespan’s rating score has improved by 50.2% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $22.50 for the company and are predicting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given Onespan an industry rank of 35 out of 256 based on the ratings given to its competitors.

Several research analysts recently issued reports on OSPN shares. National Securities started coverage on Onespan in a research report on Thursday, January 3rd. They set a “buy” rating on the stock. Sidoti assumed coverage on Onespan in a research report on Monday, December 3rd. They issued a “buy” rating on the stock. ValuEngine downgraded Onespan from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded Onespan from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Imperial Capital raised Onespan from an “in-line” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Monday, November 5th.

OSPN traded down $0.39 on Monday, hitting $13.78. 131,979 shares of the company’s stock traded hands, compared to its average volume of 207,625. The company has a market capitalization of $569.63 million, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.95 and a beta of 1.95. Onespan has a one year low of $11.41 and a one year high of $25.45.

Onespan (NASDAQ:OSPN) last issued its earnings results on Tuesday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). Onespan had a negative net margin of 12.85% and a positive return on equity of 6.38%. The business had revenue of $52.50 million for the quarter, compared to the consensus estimate of $54.09 million. Onespan’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that Onespan will post 0.33 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Onespan during the 2nd quarter worth approximately $148,000. Strs Ohio purchased a new position in Onespan in the 2nd quarter valued at about $180,000. Bank of America Corp DE purchased a new position in Onespan in the 2nd quarter valued at about $187,000. Ibex Investors LLC purchased a new position in Onespan in the 3rd quarter valued at about $215,000. Finally, Voya Investment Management LLC purchased a new position in Onespan in the 2nd quarter valued at about $244,000. Institutional investors and hedge funds own 64.43% of the company’s stock.

About Onespan

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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