Prosperity Wealth Management Inc. Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Prosperity Wealth Management Inc. bought a new stake in OneSpan Inc. (NASDAQ:OSPN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,900 shares of the company’s stock, valued at approximately $462,000. Prosperity Wealth Management Inc. owned about 0.07% of OneSpan as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi acquired a new stake in OneSpan in the 4th quarter valued at approximately $314,000. Raymond James Financial Inc. acquired a new stake in OneSpan in the 4th quarter valued at approximately $44,699,000. Arizona State Retirement System bought a new stake in shares of OneSpan in the 4th quarter worth approximately $193,000. Charles Schwab Investment Management Inc. lifted its position in shares of OneSpan by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company’s stock worth $6,218,000 after acquiring an additional 2,182 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of OneSpan in the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Price Performance

OneSpan stock opened at $15.91 on Wednesday. The company has a market capitalization of $607.38 million, a PE ratio of 21.50 and a beta of 0.83. OneSpan Inc. has a one year low of $9.48 and a one year high of $20.37. The business has a 50 day simple moving average of $18.50 and a 200 day simple moving average of $17.30.

Wall Street Analyst Weigh In

A number of analysts have commented on OSPN shares. StockNews.com downgraded OneSpan from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Rosenblatt Securities raised their price objective on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.63.

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.