What is DA Davidson’s Estimate for OneSpan FY2024 Earnings?

OneSpan Inc. (NASDAQ:OSPN) – Equities researchers at DA Davidson boosted their FY2024 earnings per share (EPS) estimates for OneSpan in a research report issued to clients and investors on Thursday, October 31st. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings per share of $1.12 for the year, up from their previous forecast 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) last issued its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. The business had revenue of $60.92 million during the quarter. OneSpan had a return on equity of 24.13% and a net margin of 11.73%. During the same period last year, the business earned ($0.27) EPS.

Several other analysts have also recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of OneSpan in a research report on Monday, October 28th. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $19.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.13.

OneSpan Stock Down 3.0 %

Shares of OneSpan stock opened at $16.18 on Friday. The stock has a market cap of $612.75 million, a PE ratio of 21.86 and a beta of 0.76. The business has a fifty day simple moving average of $15.49 and a 200-day simple moving average of $13.87. OneSpan has a 12 month low of $7.93 and a 12 month high of $17.73.

Institutional Trading of OneSpan

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in OneSpan by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after purchasing an additional 219,907 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in OneSpan during the first quarter valued at about $1,125,000. Acadian Asset Management LLC raised its holdings in OneSpan by 1,038.5% during the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock valued at $4,154,000 after buying an additional 295,739 shares in the last quarter. Squarepoint Ops LLC bought a new position in OneSpan during the second quarter valued at about $662,000. Finally, Inspire Investing LLC bought a new position in OneSpan during the third quarter valued at about $880,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Company Profile

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.