OneSpan (NASDAQ:OSPN - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.
Separately, Rosenblatt Securities lifted their target price on shares of OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, OneSpan has a consensus rating of "Moderate Buy" and a consensus price target of $17.63.
Read Our Latest Research Report on OneSpan
OneSpan Trading Up 1.5 %
Shares of OSPN stock traded up $0.24 during trading hours on Thursday, hitting $16.03. 1,045,772 shares of the company's stock were exchanged, compared to its average volume of 380,969. The company has a market capitalization of $611.96 million, a PE ratio of 21.66 and a beta of 0.83. OneSpan has a 12-month low of $9.68 and a 12-month high of $20.37. The business's 50 day simple moving average is $18.00 and its 200-day simple moving average is $17.29.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in OSPN. R Squared Ltd purchased a new stake in OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System bought a new position in shares of OneSpan during the fourth quarter valued at about $64,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of OneSpan during the fourth quarter worth about $109,000. State of Tennessee Department of Treasury purchased a new position in OneSpan during the 4th quarter valued at about $147,000. Finally, KLP Kapitalforvaltning AS purchased a new position in OneSpan during the 4th quarter valued at about $152,000. Institutional investors own 95.52% of the company's stock.
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.
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