Onespan Inc (NASDAQ:OSPN) – Research analysts at Imperial Capital upped their Q4 2018 earnings per share (EPS) estimates for shares of Onespan in a report issued on Monday, November 5th. Imperial Capital analyst S. Khan now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous estimate of $0.04. Imperial Capital currently has a “Outperform” rating and a $19.00 price target on the stock. Imperial Capital also issued estimates for Onespan’s Q4 2019 earnings at $0.10 EPS.
OSPN has been the subject of a number of other reports. ValuEngine raised Onespan from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research downgraded Onespan from a “hold” rating to a “sell” rating in a research report on Saturday, November 3rd.
Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.04). The business had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $54.09 million. Onespan had a negative net margin of 12.85% and a positive return on equity of 6.38%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year.
In related news, Director T Kendall Hunt sold 126,596 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $17.77, for a total transaction of $2,249,610.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 471,735 shares of company stock valued at $8,392,124 over the last ninety days. 22.48% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of OSPN. BlackRock Inc. purchased a new stake in shares of Onespan during the second quarter valued at approximately $83,036,000. Dimensional Fund Advisors LP purchased a new stake in Onespan in the second quarter worth $27,478,000. Legal & General Group Plc purchased a new stake in Onespan in the second quarter worth $27,352,000. Private Capital Management LLC purchased a new stake in Onespan in the second quarter worth $20,529,000. Finally, WINTON GROUP Ltd purchased a new stake in Onespan in the second quarter worth $9,093,000. 61.42% of the stock is owned by institutional investors.
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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