OneSpan (NASDAQ:OSPN) Downgraded to "Hold" Rating by StockNews.com

StockNews.com lowered shares of OneSpan (NASDAQ:OSPN - Free Report) from a buy rating to a hold rating in a research note released on Wednesday morning.

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

OneSpan Trading Up 3.1 %

NASDAQ OSPN traded up $0.47 during trading hours on Wednesday, hitting $15.75. 352,127 shares of the company's stock traded hands, compared to its average volume of 376,941. The business's fifty day moving average price is $18.25 and its two-hundred day moving average price is $17.30. The firm has a market capitalization of $601.27 million, a P/E ratio of 21.28 and a beta of 0.83. OneSpan has a 52 week low of $9.68 and a 52 week high of $20.37.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of OneSpan in the third quarter worth about $312,000. Covestor Ltd bought a new position in shares of OneSpan in the third quarter worth about $65,000. Versor Investments LP bought a new position in shares of OneSpan in the third quarter worth about $340,000. Gladius Capital Management LP bought a new position in shares of OneSpan in the third quarter worth about $335,000. Finally, Quest Partners LLC grew its holdings in shares of OneSpan by 865.5% in the third quarter. Quest Partners LLC now owns 22,988 shares of the company's stock worth $383,000 after purchasing an additional 20,607 shares during the last quarter. Institutional investors own 95.52% of the company's stock.

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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.