OneSpan (NASDAQ:OSPN) Upgraded to Buy at StockNews.com

OneSpan (NASDAQ:OSPN) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, Rosenblatt Securities boosted their price target on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, OneSpan has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Price Performance

NASDAQ:OSPN opened at $16.26 on Thursday. OneSpan has a fifty-two week low of $9.68 and a fifty-two week high of $20.37. The stock has a market capitalization of $620.74 million, a PE ratio of 21.97 and a beta of 0.83. The business’s 50-day simple moving average is $18.10 and its 200-day simple moving average is $17.29.

Institutional Investors Weigh In On OneSpan

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of OneSpan by 4.0% in 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 period. Mackenzie Financial Corp increased its stake in shares of OneSpan by 171.3% in the fourth quarter. Mackenzie Financial Corp now owns 66,535 shares of the company’s stock valued at $1,234,000 after buying an additional 42,007 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in OneSpan by 20.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,540 shares of the company’s stock worth $1,716,000 after purchasing an additional 15,834 shares during the period. Squarepoint Ops LLC grew its stake in OneSpan by 559.5% during the fourth quarter. Squarepoint Ops LLC now owns 135,468 shares of the company’s stock worth $2,512,000 after purchasing an additional 114,927 shares during the period. Finally, State of Wyoming acquired a new stake in OneSpan during the fourth quarter worth approximately $347,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

About OneSpan

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.