OneSpan (NASDAQ:OSPN) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $215 million-$225 million, compared to the consensus revenue estimate of $220.72 million.
Shares of NASDAQ OSPN traded down $1.18 during mid-day trading on Tuesday, reaching $25.14. The company had a trading volume of 258,663 shares, compared to its average volume of 250,513. The stock has a fifty day moving average of $26.28 and a two-hundred day moving average of $23.51. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 628.66, a PEG ratio of 5.03 and a beta of 0.66. OneSpan has a 12-month low of $16.17 and a 12-month high of $33.33.
OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Tuesday, May 4th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.08). The company had revenue of $50.70 million during the quarter, compared to analyst estimates of $49.10 million. OneSpan had a net margin of 0.62% and a return on equity of 5.75%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. Research analysts expect that OneSpan will post 0.12 earnings per share for the current year.
A number of research analysts have commented on the company. Zacks Investment Research upgraded OneSpan from a sell rating to a hold rating in a research note on Wednesday, April 28th. DA Davidson began coverage on OneSpan in a research note on Wednesday, March 31st. They issued a buy rating and a $35.00 price target for the company. Finally, Sidoti raised shares of OneSpan from a neutral rating to a buy rating and set a $39.00 price objective on the stock in a research report on Wednesday, April 21st.
In related news, major shareholder T Kendall Hunt acquired 263,400 shares of the business’s stock in a transaction that occurred on Friday, March 26th. The shares were acquired at an average cost of $25.07 per share, with a total value of $6,603,438.00. Following the purchase, the insider now owns 3,638,958 shares of the company’s stock, valued at $91,228,677.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.30% of the stock is owned by company insiders.
About OneSpan
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers Trusted Identity Platform, a cloud-based platform to secure users, devices, and transactions across the digital journey; Intelligent Adaptive Authentication, a cloud-based solution that enables banks and other financial institutions to secure users, devices, and transactions; and Risk Analytics, a comprehensive anti-fraud solution.
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