OneSpan (OSPN) Set to Release Quarterly Earnings Soon

OneSpan (NASDAQ:OSPN) is expected to release its quarterly earnings report after the market closes on Thursday, February 27th. Analysts are predicting that the company will report earnings of $0.27 per share for this quarter. Investors interested in listening to the earnings conference call can register at the provided link.

OneSpan's Stock Performance

On Thursday, shares of OneSpan traded at an opening price of $18.81. The company has a 50-day moving average of $19.00, while the 200-day moving average stands at $17.16. With a market capitalization of approximately $714.59 million, OneSpan has a price-to-earnings ratio of 25.42 and a beta of 0.77. The stock has reached a low of $9.22 and a high of $20.36 over the past year.

Dividend Announcement

Recently, OneSpan declared a dividend of $0.12, which was paid out on February 14th. Eligible investors who were on record as of January 31st received this dividend. Notably, the ex-dividend date was also January 31st, and the company has a payout ratio of 64.86%.

Insider Transactions

In insider news, Director Michael J. McConnell sold 53,000 shares of OneSpan on December 2nd. The shares were sold at an average price of $18.51, totaling approximately $981,030.00. After this sale, McConnell retains ownership of 20,849 shares, which are valued at about $385,914.99, marking a 71.77% decrease in his holdings. This transaction was disclosed in a filing with the Securities and Exchange Commission.

Analyst Insights

OneSpan has attracted attention from various analysts recently. Sidoti upgraded the company from a "neutral" rating to a "buy" and increased the price target from $14.00 to $19.00 in a report dated October 31st. StockNews.com also upgraded OneSpan from a "buy" to a "strong buy" on November 4th. Furthermore, Rosenblatt Securities increased their price target from $18.00 to $22.00 while maintaining a "buy" rating in a report on December 16th. Currently, one analyst rates the stock as a hold, three as buys, and one as a strong buy, giving OneSpan an overall consensus rating of "Buy" with a price target averaging $17.63.

About OneSpan

OneSpan Inc, along with its subsidiaries, focuses on designing, developing, and marketing digital solutions for identity management, authentication, and secure digital agreements on a global scale. Its offerings include OneSpan Sign for e-signature needs, OneSpan Cloud Authentication for multifactor authentication solutions, and OneSpan Identity Verification for services that assist banks and financial institutions with identity verification.

Earnings, Stocks, Finance