OneSpan (NASDAQ:OSPN) Announces Quarterly Earnings Results

OneSpan (NASDAQ:OSPN - Get Free Report) revealed its quarterly earnings results on Thursday. The company announced earnings per share (EPS) of $0.17 for the quarter, which fell short of analysts' expectations of $0.27 by $0.10, as reported by Zacks. Additionally, OneSpan achieved a return on equity of 23.27% and a net margin of 11.73%. The firm also updated its guidance for the fiscal year 2025 concerning EPS.

OneSpan Stock Performance

On Thursday, OneSpan's shares were down by 2.3%, trading at $16.22. Approximately 467,357 shares changed hands, surpassing the average trading volume of 402,294. The company's fifty-day moving average is $18.80, while the 200-day moving average stands at $17.23. OneSpan has a market capitalization of $616.21 million, a price-to-earnings ratio of 21.92, and a beta of 0.77. Over the past year, the stock has seen a low of $9.22 and a high of $20.36.

Dividend Announcement

OneSpan also recently declared a dividend, which was disbursed on February 14th. Shareholders who were on record by January 31st received a dividend of $0.12 per share. The ex-dividend date was also January 31st. Currently, OneSpan's dividend payout ratio is about 64.86%.

Analyst Ratings and Forecasts

In recent weeks, several analysts have offered their insights on OSPN shares. Sidoti upgraded OneSpan from a "neutral" rating to a "buy" rating, raising their target price from $14.00 to $19.00 on October 31st. On December 16th, Rosenblatt Securities also increased their price target from $18.00 to $22.00, maintaining a "buy" rating on the stock. Additionally, StockNews.com elevated their rating from "buy" to "strong buy" on November 4th. Currently, one research analyst has rated the stock as a hold, while three have issued buy ratings and one has given a strong buy rating. According to MarketBeat data, OneSpan holds a consensus rating of "Buy" with a target price of $17.63.

Insider Trading Activity

In related news, Director Michael J. McConnell sold 53,000 shares of OneSpan stock on December 2nd, departing with a total transaction value of approximately $981,030 at an average price of $18.51. Following the sale, McConnell retains 20,849 shares valued at about $385,914.99, reflecting a significant decrease of 71.77% in their ownership. The transaction was reported to the SEC, and it is noted that corporate insiders possess around 0.90% of OneSpan's stock.

About OneSpan

OneSpan Inc., along with its subsidiaries, develops and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers products such as OneSpan Sign for e-signatures, OneSpan Cloud Authentication for multifactor authentication, and OneSpan Identity Verification for identity verification services aimed primarily at banks and financial institutions.

Earnings, Stock, Finance