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

StockNews.com lowered shares of OneSpan (NASDAQ:OSPN) from a buy rating to a hold rating in a report released on Friday morning.

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

OneSpan Trading Down 2.8 %

Shares of OneSpan stock opened at $15.46 on Friday. The company has a 50-day moving average of $17.72 and a two-hundred day moving average of $17.31. OneSpan has a 12-month low of $9.68 and a 12-month high of $20.37. The stock has a market cap of $590.20 million, a PE ratio of 20.89 and a beta of 0.83.

Institutional Trading of OneSpan

Several institutional investors and hedge funds have recently modified their holdings of OSPN. R Squared Ltd purchased a new position in shares of OneSpan during the 4th quarter worth approximately $37,000. New York State Teachers Retirement System purchased a new position in OneSpan during the fourth quarter worth $64,000. Steward Partners Investment Advisory LLC acquired a new position in shares of OneSpan in the fourth quarter worth $109,000. State of Tennessee Department of Treasury purchased a new stake in shares of OneSpan in the fourth quarter valued at $147,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of OneSpan during the fourth quarter valued at $152,000. 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.