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

StockNews.com cut shares of OneSpan (NASDAQ:OSPN) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

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

OneSpan Stock Performance

Shares of OSPN opened at $15.75 on Wednesday. The stock has a market capitalization of $601.27 million, a P/E ratio of 21.28 and a beta of 0.83. The company’s fifty day moving average is $18.32 and its two-hundred day moving average is $17.28. OneSpan has a 1 year low of $9.59 and a 1 year high of $20.37.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of OneSpan during the 4th quarter worth $37,000. New York State Teachers Retirement System purchased a new stake in shares of OneSpan during the 4th quarter worth $64,000. Covestor Ltd purchased a new stake in shares of OneSpan during the 3rd quarter worth $65,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of OneSpan in the 4th quarter worth about $109,000. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of OneSpan in the 4th quarter worth about $147,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

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.