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

StockNews.com upgraded shares of OneSpan (NASDAQ:OSPN) from a hold rating to a buy rating in a research note released on Thursday.

Separately, Rosenblatt Securities raised their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.63.

OneSpan Stock Performance

OSPN opened at $15.79 on Thursday. The business’s 50-day simple moving average is $18.05 and its 200-day simple moving average is $17.28. The company has a market cap of $602.80 million, a P/E ratio of 21.34 and a beta of 0.83. OneSpan has a one year low of $9.68 and a one year high of $20.37.

Institutional Investors Weigh In On OneSpan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSPN. Barclays PLC increased its holdings in shares of OneSpan by 388.5% in the 3rd quarter. Barclays PLC now owns 66,719 shares of the company’s stock valued at $1,113,000 after acquiring an additional 53,060 shares during the period. 272 Capital LP acquired a new position in OneSpan in the third quarter valued at $1,659,000. Charles Schwab Investment Management Inc. raised its holdings in shares of OneSpan by 16.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after buying an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after buying an additional 157,387 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after buying an additional 708,020 shares during the last quarter. Hedge funds and other institutional investors 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.