DA Davidson adds OneSpan Inc. (OSPN) to STAMPEDE list on cost-cutting, FCF improvements

DA Davidson analyst Rudy Kessinger reiterated a Neutral rating and $15.00 price target on OneSpan Inc. (NASDAQ: OSPN).

The analyst commented, "We are adding OSPN to our list of STAMPEDE ideas under E - Excess Cash. OSPN has done a phenomenal job cutting costs & improving FCF generation over the last several years, and they have already returned excess cash to shareholders in multiple ways. Following a ~$25M dutch auction tender offer in Dec'23, the company established a $0.12/shr. (~$4.6M) quarterly dividend beginning in Q1'25. M&A has also returned, with OSPN making its first acquisition in ~2.5 years in June of this year. With excess cash continuing to build, we believe further returns to shareholders and/ or more M&A is very likely."

For an analyst ratings summary and ratings history on OneSpan Inc. click here. For more ratings news on OneSpan Inc. click here.

Shares of OneSpan Inc. closed at $14.56 yesterday.

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