StockNews.com Downgrades OneSpan (NASDAQ:OSPN) to Buy

StockNews.com lowered shares of OneSpan (NASDAQ:OSPN) from a strong-buy rating to a buy rating in a report published on Monday.

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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, OneSpan presently has an average rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Stock Performance

NASDAQ:OSPN opened at $16.42 on Monday. The company has a market cap of $623.81 million, a price-to-earnings ratio of 22.19 and a beta of 0.77. The stock’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $17.27. OneSpan has a 52-week low of $9.22 and a 52-week high of $20.36.

OneSpan Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.12 per share. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is presently 33.10%.

Hedge Funds Weigh In On OneSpan

Several institutional investors have recently modified their holdings of OSPN. Raymond James Financial Inc. bought a new position in OneSpan during the 4th quarter worth approximately $44,699,000. JPMorgan Chase & Co. raised its holdings in OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after purchasing an additional 708,020 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of OneSpan by 27.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company’s stock worth $40,129,000 after purchasing an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of OneSpan by 28.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company’s stock valued at $32,710,000 after buying an additional 395,222 shares during the period. Finally, LSV Asset Management acquired a new position in shares of OneSpan in the 4th quarter valued at $4,760,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.