OneSpan (NASDAQ:OSPN - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Monday.
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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.63.
View Our Latest Report on OneSpan
OneSpan Stock Performance
NASDAQ:OSPN traded up $0.25 during mid-day trading on Monday, reaching $16.72. 310,992 shares of the company's stock were exchanged, compared to its average volume of 398,437. OneSpan has a one year low of $9.22 and a one year high of $20.37. The business's fifty day simple moving average is $18.59 and its two-hundred day simple moving average is $17.27. The firm has a market capitalization of $638.30 million, a PE ratio of 22.59 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 the company. Meeder Asset Management Inc. grew its position in OneSpan by 6.8% in the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company's stock valued at $231,000 after acquiring an additional 884 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of OneSpan by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock valued at $4,562,000 after purchasing an additional 900 shares in the last quarter. Baader Bank Aktiengesellschaft boosted 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 valued at $380,000 after purchasing an additional 1,780 shares during the last quarter. Finally, R Squared Ltd acquired a new position in OneSpan during the 4th quarter worth approximately $37,000. Institutional investors own 95.52% of the company's stock.
OneSpan Company Profile
(
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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.
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