StockNews.com Downgrades OneSpan (NASDAQ:OSPN) to Hold

OneSpan (NASDAQ:OSPN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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

OneSpan Trading Down 0.9 %

OSPN stock traded down $0.15 during trading on Wednesday, reaching $15.76. 415,287 shares of the stock were exchanged, compared to its average volume of 392,911. The firm’s 50 day moving average is $18.44 and its 200 day moving average is $17.30. The firm has a market cap of $601.65 million, a P/E ratio of 21.30 and a beta of 0.83. OneSpan has a twelve month low of $9.48 and a twelve month high of $20.37.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in OneSpan in the 3rd quarter valued at $312,000. Covestor Ltd bought a new position in shares of OneSpan during the third quarter valued at about $65,000. Versor Investments LP bought a new position in shares of OneSpan during the third quarter valued at about $340,000. Gladius Capital Management LP purchased a new position in OneSpan during the third quarter worth about $335,000. Finally, Quest Partners LLC grew its position in OneSpan by 865.5% in the 3rd quarter. Quest Partners LLC now owns 22,988 shares of the company’s stock worth $383,000 after purchasing an additional 20,607 shares in the last quarter. 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.