OneSpan (NASDAQ:OSPN) Upgraded at StockNews.com

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

Separately, Rosenblatt Securities upped their price target 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.63.

OneSpan Stock Performance

Shares of NASDAQ:OSPN opened at $16.03 on Thursday. The company has a market cap of $611.96 million, a PE ratio of 21.66 and a beta of 0.83. OneSpan has a 52 week low of $9.68 and a 52 week high of $20.37. The firm has a 50 day simple moving average of $18.00 and a 200 day simple moving average of $17.28.

Institutional Investors Weigh In On OneSpan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in OneSpan by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company’s stock worth $65,390,000 after buying an additional 38,362 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in OneSpan in the 4th quarter worth approximately $44,699,000. Legal & General Group Plc lifted its position in OneSpan by 0.8% in the 4th quarter. Legal & General Group Plc now owns 2,195,570 shares of the company’s stock worth $40,706,000 after buying an additional 16,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OneSpan by 27.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company’s stock valued at $40,129,000 after purchasing an additional 469,628 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of OneSpan by 28.9% during the 4th 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 in the last quarter. 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.