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

StockNews.com upgraded shares of OneSpan (NASDAQ:OSPN) from a buy rating to a strong-buy rating in a report released on Monday.

Several other equities research analysts also recently commented on OSPN. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of OneSpan in a report on Monday, October 28th. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.13.

OneSpan Trading Down 1.5 %

Shares of NASDAQ OSPN opened at $17.32 on Monday. OneSpan has a 1-year low of $8.26 and a 1-year high of $17.73. The stock has a fifty day simple moving average of $15.59 and a two-hundred day simple moving average of $14.11. The firm has a market cap of $657.99 million, a price-to-earnings ratio of 23.41 and a beta of 0.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OSPN. Vanguard Group Inc. grew its position in OneSpan by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after acquiring an additional 219,907 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in OneSpan in the first quarter worth $1,125,000. Assenagon Asset Management S.A. lifted its stake in OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after acquiring an additional 179,497 shares during the period. Acadian Asset Management LLC lifted its stake in OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after acquiring an additional 295,739 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in OneSpan in the second quarter worth $662,000. 95.52% of the stock is currently owned by institutional investors.

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.