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

OneSpan (NASDAQ:OSPN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, Rosenblatt Securities raised their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, OneSpan has an average rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Stock Performance

Shares of NASDAQ:OSPN opened at $15.91 on Friday. The stock’s 50-day simple moving average is $17.79 and its two-hundred day simple moving average is $17.30. The stock has a market capitalization of $607.38 million, a price-to-earnings ratio of 21.50 and a beta of 0.83. OneSpan has a 52-week low of $9.68 and a 52-week high of $20.37.

Institutional Trading of OneSpan

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. lifted its position in shares of OneSpan by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company’s stock valued at $4,562,000 after buying an additional 900 shares in the last quarter. California State Teachers Retirement System lifted its holdings in OneSpan by 4.0% during the fourth quarter. California State Teachers Retirement System now owns 33,769 shares of the company’s stock valued at $626,000 after purchasing an additional 1,288 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in OneSpan by 8.9% during the fourth 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. boosted its position in shares of OneSpan by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after purchasing an additional 1,780 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of OneSpan in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

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.