OneSpan (NASDAQ:OSPN) Cut to Buy at StockNews.com

StockNews.com cut shares of OneSpan (NASDAQ:OSPN) from a strong-buy rating to a buy rating in a research note published on Monday.

Separately, Rosenblatt Securities lifted their price objective on OneSpan from $18.00 to $22.00 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneSpan has a consensus rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Stock Up 0.8 %

Shares of NASDAQ:OSPN opened at $16.67 on Monday. OneSpan has a fifty-two week low of $9.22 and a fifty-two week high of $20.37. The firm’s 50-day simple moving average is $18.68 and its 200-day simple moving average is $17.28. The company has a market cap of $636.39 million, a price-to-earnings ratio of 22.53 and a beta of 0.83.

OneSpan Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.12 dividend. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio is presently 33.10%.

Institutional Trading of OneSpan

A number of institutional investors have recently added to or reduced their stakes in OSPN. Meeder Asset Management Inc. increased its holdings in OneSpan by 6.8% in the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after buying an additional 884 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of OneSpan by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company’s stock worth $4,562,000 after acquiring an additional 900 shares during the period. Baader Bank Aktiengesellschaft increased its stake in OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after purchasing an additional 1,700 shares in the last quarter. Principal Financial Group Inc. raised its holdings in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after purchasing an additional 1,780 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in OneSpan during the fourth quarter worth $37,000. 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.