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

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

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

OneSpan Stock Performance

Shares of NASDAQ:OSPN opened at $15.28 on Wednesday. The firm has a fifty day moving average of $18.39 and a 200 day moving average of $17.29. OneSpan has a 52-week low of $9.48 and a 52-week high of $20.37. The firm has a market capitalization of $583.33 million, a PE ratio of 20.65 and a beta of 0.83.

Institutional Trading of OneSpan

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of OneSpan in the fourth quarter worth about $44,699,000. JPMorgan Chase & Co. grew its position in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after acquiring an additional 708,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in OneSpan by 27.7% in the 4th 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 during the period. Ameriprise Financial Inc. lifted its position in OneSpan by 28.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company’s stock valued at $32,710,000 after purchasing an additional 395,222 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in shares of OneSpan during the fourth quarter valued at approximately $4,760,000. 95.52% of the stock is owned by institutional investors.

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.