StockNews.com Downgrades OneSpan (NASDAQ:OSPN) to Hold

OneSpan (NASDAQ:OSPN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Separately, Sidoti lowered OneSpan from a "buy" rating to a "neutral" rating and set a $12.00 price objective on the stock. in a report on Tuesday, April 2nd.

OneSpan Stock Performance

Shares of OSPN stock traded down $0.16 during mid-day trading on Friday, hitting $10.79. 182,183 shares of the stock were exchanged, compared to its average volume of 379,552. The stock's fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $10.13. The stock has a market capitalization of $408.40 million, a price-to-earnings ratio of -14.58 and a beta of 0.80. OneSpan has a 12-month low of $7.64 and a 12-month high of $17.20.

OneSpan (NASDAQ:OSPN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.17. The company had revenue of $62.93 million for the quarter. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. On average, research analysts expect that OneSpan will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at OneSpan

In other OneSpan news, Director Michael J. Mcconnell bought 5,000 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the completion of the purchase, the director now owns 73,849 shares of the company's stock, valued at $725,935.67. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.78% of the company's stock.

Institutional Investors Weigh In On OneSpan

Several hedge funds have recently made changes to their positions in the business. Amalgamated Bank boosted its stake in shares of OneSpan by 10.7% during the third quarter. Amalgamated Bank now owns 17,851 shares of the company's stock worth $192,000 after buying an additional 1,722 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in OneSpan by 64.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company's stock valued at $56,000 after purchasing an additional 2,027 shares during the period. Victory Capital Management Inc. lifted its position in OneSpan by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 50,700 shares of the company's stock valued at $544,000 after purchasing an additional 3,000 shares during the period. TFO Wealth Partners LLC lifted its position in OneSpan by 15,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company's stock valued at $38,000 after purchasing an additional 3,498 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in OneSpan by 7.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,504 shares of the company's stock valued at $812,000 after purchasing an additional 5,528 shares during the period. 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.

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