OneSpan (NASDAQ:OSPN) Rating Lowered to “Hold” at StockNews.com

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

Separately, Rosenblatt Securities increased their price objective on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Trading Down 2.5 %

NASDAQ OSPN opened at $15.91 on Friday. OneSpan has a 12 month low of $9.68 and a 12 month high of $20.37. The stock’s fifty day moving average price is $17.79 and its 200-day moving average price is $17.30. The stock has a market cap of $607.38 million, a P/E ratio of 21.50 and a beta of 0.83.

Institutional Trading of OneSpan

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its position in shares of 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 buying an additional 1,288 shares during the last quarter. Mackenzie Financial Corp lifted its stake in OneSpan by 171.3% during the 4th quarter. Mackenzie Financial Corp now owns 66,535 shares of the company’s stock valued at $1,234,000 after acquiring an additional 42,007 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of OneSpan by 20.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,540 shares of the company’s stock valued at $1,716,000 after acquiring an additional 15,834 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of OneSpan by 559.5% in the fourth quarter. Squarepoint Ops LLC now owns 135,468 shares of the company’s stock worth $2,512,000 after acquiring an additional 114,927 shares during the period. Finally, State of Wyoming purchased a new position in shares of OneSpan during the fourth quarter valued at approximately $347,000. 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.