StockNews.com lowered shares of OneSpan (NASDAQ:OSPN – Free Report) 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.
View Our Latest Stock Report on OneSpan
OneSpan Stock Down 0.9 %
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.
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