Analyzing Plum Acquisition Corp. I (NASDAQ:PLMI) & OneSpan (NASDAQ:OSPN)

OneSpan (NASDAQ:OSPN) and Plum Acquisition Corp. I (NASDAQ:PLMI) are both small-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, dividends, risk, institutional ownership, profitability, analyst recommendations and valuation.

Analyst Ratings

This is a summary of recent recommendations and price targets for OneSpan and Plum Acquisition Corp. I, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
OneSpan	0	2	2	0	2.50
Plum Acquisition Corp. I	0	0	0	0	N/A

OneSpan presently has a consensus target price of $15.38, suggesting a potential upside of 3.12%. Given OneSpan’s higher possible upside, equities research analysts plainly believe OneSpan is more favorable than Plum Acquisition Corp. I.

Volatility & Risk

OneSpan has a beta of 0.76, indicating that its share price is 24% less volatile than the S&P 500. Comparatively, Plum Acquisition Corp. I has a beta of 0.02, indicating that its share price is 98% less volatile than the S&P 500.

Insider and Institutional Ownership

95.5% of OneSpan shares are held by institutional investors. Comparatively, 25.9% of Plum Acquisition Corp. I shares are held by institutional investors. 0.9% of OneSpan shares are held by insiders. Comparatively, 71.0% of Plum Acquisition Corp. I shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares OneSpan and Plum Acquisition Corp. I’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
OneSpan	6.60%	18.69%	11.29%
Plum Acquisition Corp. I	N/A	N/A	-9.03%

Valuation and Earnings

This table compares OneSpan and Plum Acquisition Corp. I’s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
OneSpan	$247.53 million	2.28	-$29.80 million	($0.18)	-82.83
Plum Acquisition Corp. I	N/A	N/A	-$30,000.00	N/A	N/A

Plum Acquisition Corp. I has lower revenue, but higher earnings than OneSpan.

Summary

OneSpan beats Plum Acquisition Corp. I on 8 of the 10 factors compared between the two stocks.

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.

About Plum Acquisition Corp. I

Plum Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California. Plum Acquisition Corp. I operates as a subsidiary of Plum Partners, LLC.