OneSpan (NASDAQ:OSPN) Stock Rating Lowered by StockNews.com

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

Separately, Rosenblatt Securities upped their target price on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, OneSpan currently has a consensus rating of “Moderate Buy” and an average target price of $17.63.

OneSpan Price Performance

Shares of NASDAQ:OSPN opened at $15.28 on Wednesday. The stock’s 50-day moving average is $18.39 and its 200 day moving average is $17.29. The company has a market cap of $583.33 million, a PE ratio of 20.65 and a beta of 0.83. OneSpan has a 1 year low of $9.48 and a 1 year high of $20.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of OneSpan in the 4th quarter valued at approximately $37,000. New York State Teachers Retirement System purchased a new stake in OneSpan during the 4th quarter valued at $64,000. Covestor Ltd bought a new stake in OneSpan in the 3rd quarter worth approximately $65,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan in the fourth quarter valued at about $109,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of OneSpan in the fourth quarter worth approximately $147,000. Hedge funds and other institutional investors 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.