OneSpan (NASDAQ:OSPN) Downgraded 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 Wednesday morning.

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

OneSpan Stock Down 0.9 %

Shares of NASDAQ:OSPN opened at $15.76 on Wednesday. The company has a market cap of $601.65 million, a P/E ratio of 21.30 and a beta of 0.83. OneSpan has a 52 week low of $9.48 and a 52 week high of $20.37. The business has a fifty day simple moving average of $18.44 and a 200-day simple moving average of $17.30.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in OneSpan during the fourth quarter valued at about $37,000. New York State Teachers Retirement System purchased a new stake in OneSpan during the fourth quarter valued at about $64,000. Covestor Ltd purchased a new stake in OneSpan during the third quarter valued at about $65,000. Steward Partners Investment Advisory LLC purchased a new stake in OneSpan during the fourth quarter valued at about $109,000. Finally, State of Tennessee Department of Treasury purchased a new stake in OneSpan during the fourth quarter valued at about $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.