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
Before you consider OneSpan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneSpan wasn't on the list.
While OneSpan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
