DA Davidson Has Strong Estimate for OneSpan FY2024 Earnings

OneSpan Inc. (NASDAQ:OSPN - Free Report) - Investment analysts at DA Davidson lifted their FY2024 earnings per share estimates for OneSpan in a research report issued on Thursday, October 31st. DA Davidson analyst R. Kessinger now expects that the company will post earnings per share of $1.12 for the year, up from their prior estimate of $0.94. The consensus estimate for OneSpan's current full-year earnings is $0.94 per share. DA Davidson also issued estimates for OneSpan's Q4 2024 earnings at $0.21 EPS and FY2025 earnings at $1.24 EPS.

OneSpan (NASDAQ:OSPN - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. OneSpan had a return on equity of 24.13% and a net margin of 11.73%. The business had revenue of $60.92 million during the quarter. During the same period in the prior year, the business earned ($0.27) EPS.

Other research analysts have also recently issued research reports about the company. Sidoti raised OneSpan from a "neutral" rating to a "buy" rating and raised their target price for the company from $14.00 to $19.00 in a research note on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of OneSpan in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.13.

OneSpan Trading Down 3.0 %

OSPN stock traded down $0.50 during trading hours on Friday, hitting $16.18. 544,514 shares of the stock traded hands, compared to its average volume of 402,007. The stock has a 50-day simple moving average of $15.49 and a 200 day simple moving average of $13.87. OneSpan has a one year low of $7.93 and a one year high of $17.73. The company has a market cap of $612.74 million, a P/E ratio of 21.91 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of OneSpan by 860.4% in the 2nd quarter. Quarry LP now owns 2,161 shares of the company's stock valued at $28,000 after acquiring an additional 1,936 shares in the last quarter. Quest Partners LLC raised its stake in shares of OneSpan by 2,952.6% in the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company's stock valued at $31,000 after acquiring an additional 2,303 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of OneSpan in the 2nd quarter valued at approximately $41,000. Point72 Asset Management L.P. bought a new position in shares of OneSpan in the 2nd quarter valued at approximately $74,000. Finally, CWM LLC raised its stake in shares of OneSpan by 872.1% in the 2nd quarter. CWM LLC now owns 6,241 shares of the company's stock valued at $80,000 after acquiring an additional 5,599 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.