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

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

Separately, Rosenblatt Securities boosted their target price on OneSpan from $18.00 to $22.00 and gave the stock 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 company’s stock. According to data from MarketBeat.com, OneSpan presently has an average rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Price Performance

OSPN stock opened at $15.46 on Friday. The company has a 50 day moving average price of $17.72 and a 200 day moving average price of $17.33. The stock has a market capitalization of $590.20 million, a PE ratio of 20.89 and a beta of 0.83. OneSpan has a fifty-two week low of $9.68 and a fifty-two week high of $20.37.

Hedge Funds Weigh In On OneSpan

A number of large investors have recently modified their holdings of OSPN. R Squared Ltd acquired a new position in OneSpan during the fourth quarter worth approximately $37,000. New York State Teachers Retirement System bought a new stake in shares of OneSpan during the 4th quarter worth about $64,000. Steward Partners Investment Advisory LLC acquired a new position in OneSpan in the 4th quarter valued at about $109,000. State of Tennessee Department of Treasury bought a new stake in OneSpan in the 4th quarter valued at $147,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of OneSpan in the fourth quarter valued at about $152,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.