OneSpan (NASDAQ:OSPN - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Separately, Rosenblatt Securities raised their price target on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, OneSpan presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.63.
Check Out Our Latest Stock Analysis on OSPN
OneSpan Trading Down 1.4 %
NASDAQ OSPN traded down $0.21 on Friday, hitting $15.25. 421,200 shares of the company traded hands, compared to its average volume of 401,555. The business's 50 day moving average price is $17.64 and its 200-day moving average price is $17.34. The company has a market capitalization of $582.18 million, a price-to-earnings ratio of 20.61 and a beta of 0.83. OneSpan has a 52-week low of $9.68 and a 52-week high of $20.37.
Hedge Funds Weigh In On OneSpan
Several institutional investors have recently bought and sold shares of OSPN. R Squared Ltd bought a new position in shares of OneSpan during the 4th quarter valued at about $37,000. New York State Teachers Retirement System purchased a new stake in shares of OneSpan in the fourth quarter worth about $64,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan during the fourth quarter valued at approximately $109,000. State of Tennessee Department of Treasury purchased a new position in OneSpan during the 4th quarter valued at approximately $147,000. Finally, KLP Kapitalforvaltning AS bought a new stake in OneSpan in the 4th quarter worth approximately $152,000. 95.52% of the stock is owned by hedge funds and other institutional investors.
About OneSpan
(
Get Free Report)
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.
Further Reading
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