OneSpan (NASDAQ:OSPN) Cut to “Hold” at StockNews.com

OneSpan (NASDAQ:OSPN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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

OneSpan Stock Down 0.9 %

Shares of OSPN stock traded down $0.15 on Wednesday, reaching $15.76. The company had a trading volume of 415,287 shares, compared to its average volume of 392,911. The business’s 50-day moving average is $18.44 and its 200 day moving average is $17.30. OneSpan has a one year low of $9.48 and a one year high of $20.37. The stock has a market capitalization of $601.65 million, a PE ratio of 21.30 and a beta of 0.83.

Hedge Funds Weigh In On OneSpan

Hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new position in OneSpan during the 4th quarter worth $37,000. New York State Teachers Retirement System acquired a new position in shares of OneSpan in the fourth quarter worth approximately $64,000. Covestor Ltd acquired a new stake in OneSpan during the 3rd quarter valued at approximately $65,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan during the 4th quarter worth approximately $109,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of OneSpan in the 4th quarter worth approximately $147,000. Institutional investors and hedge funds 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.