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

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

Separately, Rosenblatt Securities raised their price target on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Stock Down 2.8 %

Shares of OneSpan stock opened at $15.46 on Friday. OneSpan has a fifty-two week low of $9.68 and a fifty-two week high of $20.37. The business’s fifty day moving average is $17.72 and its two-hundred day moving average is $17.31. The firm has a market cap of $590.20 million, a PE ratio of 20.89 and a beta of 0.83.

Institutional Trading of OneSpan

A number of institutional investors and hedge funds have recently made changes to their positions in OSPN. Hillsdale Investment Management Inc. boosted its holdings in OneSpan by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company’s stock valued at $4,562,000 after acquiring an additional 900 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of OneSpan by 4.0% in the 4th quarter. California State Teachers Retirement System now owns 33,769 shares of the company’s stock worth $626,000 after purchasing an additional 1,288 shares during the period. Baader Bank Aktiengesellschaft lifted its stake in shares of OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after purchasing an additional 1,700 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of OneSpan by 9.5% during the 4th quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after purchasing an additional 1,780 shares during the period. Finally, R Squared Ltd acquired a new stake in OneSpan during the 4th quarter worth approximately $37,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.