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

OneSpan Inc. (NASDAQ:OSPN) – DA Davidson boosted their FY2024 earnings per share (EPS) estimates for OneSpan in a report issued on Thursday, October 31st. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings of $1.12 per share 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) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) 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 firm had revenue of $60.92 million for the quarter. During the same quarter in the prior year, the firm earned ($0.27) earnings per share.

Several other equities analysts have also issued reports on OSPN. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of OneSpan in a research note on Monday, October 28th. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $19.00 in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

OneSpan Stock Down 3.0 %

Shares of OSPN opened at $16.18 on Friday. OneSpan has a 12-month low of $7.93 and a 12-month high of $17.73. The firm has a market capitalization of $612.75 million, a price-to-earnings ratio of 21.86 and a beta of 0.76. The stock’s 50-day moving average price is $15.49 and its 200 day moving average price is $13.87.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of OneSpan by 860.4% in the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after acquiring an additional 1,936 shares in the last quarter. Quest Partners LLC boosted its holdings 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 worth $31,000 after acquiring an additional 2,303 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of OneSpan in the 2nd quarter worth approximately $41,000. Point72 Asset Management L.P. acquired a new position in shares of OneSpan in the 2nd quarter worth approximately $74,000. Finally, CWM LLC boosted its holdings in shares of OneSpan by 872.1% in the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock worth $80,000 after acquiring an additional 5,599 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

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.