Head to Head Analysis: Waystar (NASDAQ:WAY) versus OneSpan (NASDAQ:OSPN)

Waystar (NASDAQ:WAY) and OneSpan (NASDAQ:OSPN) are both computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, analyst recommendations, earnings, risk, profitability, valuation and institutional ownership.

Profitability

This table compares Waystar and OneSpan’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Waystar	N/A	N/A	N/A
OneSpan	11.73%	23.27%	14.32%

Insider & Institutional Ownership

95.5% of OneSpan shares are owned by institutional investors. 0.9% of OneSpan shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares Waystar and OneSpan”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Waystar	$943.55 million	6.90	-$51.33 million	N/A	N/A
OneSpan	$243.18 million	2.43	-$29.80 million	$1.45	10.66

OneSpan has lower revenue, but higher earnings than Waystar.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Waystar and OneSpan, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Waystar	0	0	12	1	3.08
OneSpan	0	1	3	0	2.75

Waystar presently has a consensus target price of $40.75, suggesting a potential upside of 7.72%. OneSpan has a consensus target price of $17.63, suggesting a potential upside of 14.00%. Given OneSpan’s higher probable upside, analysts plainly believe OneSpan is more favorable than Waystar.

Summary

OneSpan beats Waystar on 7 of the 12 factors compared between the two stocks.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.

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. It also provides Mobile Security Suite, a software development kit that protect mobile transactions; Digipass Authenticators, consisting of a wide variety of authentication devices; authentication servers that provides a range of strong authentication utilities and solutions designed to allow organizations to securely authenticate users and transactions; and Digipass FX1 BIO, a physical passkey with fingerprint scan built for the workforce authentication market. In addition, it offers Virtual Room, a purpose-built, high-assurance solution that blends the simplicity of a consumer video collaboration app with high-assurance identity and authentication security; OneSpan Notary, an online notary solution developed for organizations with in-house notaries; and OneSpan Trust Vault, a blockchain-based decentralized digital storage solution that helps organizations meet compliance, regulatory, and chain of custody requirements for critical documents. It sells its solutions through its direct sales force, as well as through distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in May 2018. OneSpan Inc. was founded in 1991 and is headquartered in Boston, Massachusetts.