OneSpan (NASDAQ:OSPN) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of OneSpan (NASDAQ:OSPN) from a buy rating to a hold rating in a research report report published on Friday.

Separately, Rosenblatt Securities upped their price target on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Stock Performance

OneSpan stock opened at $15.46 on Friday. The company has a market capitalization of $590.20 million, a PE ratio of 20.89 and a beta of 0.83. OneSpan has a fifty-two week low of $9.68 and a fifty-two week high of $20.37. The firm has a 50 day moving average price of $17.72 and a 200 day moving average price of $17.34.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of OneSpan in the 4th quarter valued at $37,000. New York State Teachers Retirement System acquired a new stake in shares of OneSpan in the 4th quarter valued at about $64,000. Steward Partners Investment Advisory LLC acquired a new position in OneSpan during the fourth quarter worth approximately $109,000. State of Tennessee Department of Treasury purchased a new stake in OneSpan in the fourth quarter valued at approximately $147,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of OneSpan during the fourth quarter worth approximately $152,000. Hedge funds and other institutional investors 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.