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

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

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

OneSpan Stock Performance

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

Hedge Funds Weigh In On OneSpan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new stake in shares of OneSpan in the third quarter valued at $312,000. Quest Partners LLC boosted its stake in shares of OneSpan by 865.5% in the 3rd quarter. Quest Partners LLC now owns 22,988 shares of the company’s stock valued at $383,000 after buying an additional 20,607 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of OneSpan by 14.1% during the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after buying an additional 93,263 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of OneSpan during the third quarter worth approximately $173,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 acquiring an additional 48,146 shares in 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.