VASCO Data Security International, Inc. (NASDAQ:VDSI) Downgraded by BidaskClub to Sell

VASCO Data Security International, Inc. (NASDAQ:VDSI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research analysts have also commented on the company. Zacks Investment Research lowered VASCO Data Security International from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine upgraded VASCO Data Security International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Imperial Capital began coverage on VASCO Data Security International in a research note on Monday, June 26th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, BTIG Research restated a “buy” rating and issued a $18.00 target price on shares of VASCO Data Security International in a research note on Monday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. VASCO Data Security International presently has a consensus rating of “Hold” and an average target price of $16.33.

Shares of VASCO Data Security International (NASDAQ VDSI) traded up 0.76% during mid-day trading on Friday, hitting $13.20. 190,295 shares of the company were exchanged. VASCO Data Security International has a 12-month low of $12.05 and a 12-month high of $19.30. The stock has a market cap of $525.32 million, a PE ratio of 85.16 and a beta of 1.38. The stock’s 50-day moving average price is $13.98 and its 200 day moving average price is $13.85.

VASCO Data Security International (NASDAQ:VDSI) last issued its earnings results on Thursday, July 27th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $45.70 million during the quarter, compared to analyst estimates of $42.87 million. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. VASCO Data Security International’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. On average, equities analysts anticipate that VASCO Data Security International will post $0.09 EPS for the current fiscal year.

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In related news, CEO T Kendall Hunt sold 19,455 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $13.58, for a total value of $264,198.90. Following the completion of the transaction, the chief executive officer now directly owns 7,641,025 shares in the company, valued at $103,765,119.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 215,677 shares of company stock valued at $3,040,262 over the last 90 days. 25.88% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in VASCO Data Security International by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,593,588 shares of the technology company’s stock valued at $21,513,000 after buying an additional 66,167 shares in the last quarter. Penserra Capital Management LLC raised its position in VASCO Data Security International by 12.9% in the first quarter. Penserra Capital Management LLC now owns 1,448,611 shares of the technology company’s stock valued at $19,556,000 after buying an additional 165,327 shares in the last quarter. Elk Creek Partners LLC raised its position in VASCO Data Security International by 11.5% in the first quarter. Elk Creek Partners LLC now owns 1,406,794 shares of the technology company’s stock valued at $18,992,000 after buying an additional 145,244 shares in the last quarter. Neuberger Berman Group LLC bought a new position in VASCO Data Security International during the first quarter valued at about $12,265,000. Finally, State Street Corp raised its position in VASCO Data Security International by 4.0% in the fourth quarter. State Street Corp now owns 669,462 shares of the technology company’s stock valued at $9,134,000 after buying an additional 25,603 shares in the last quarter. Hedge funds and other institutional investors own 51.83% of the company’s stock.

About VASCO Data Security International

VASCO Data Security International, Inc designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses.