Onespan (NASDAQ:OSPN) Lowered to Hold Rating by Wall Street Zen

Key Points

• Onespan's stock has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• Rosenblatt Securities has revised its price target for Onespan from $20.00 to $17.00 while maintaining a "buy" rating.
• Institutional investors and hedge funds own 95.52% of Onespan's stock, indicating strong institutional support.

Wall Street Zen cut shares of Onespan (NASDAQ:OSPN - Free Report) from a buy rating to a hold rating in a research report report published on Saturday.

Separately, Rosenblatt Securities cut their target price on shares of Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th.

Onespan Price Performance

Shares of NASDAQ:OSPN traded up $0.33 during trading on Friday, reaching $14.04. The stock had a trading volume of 81,083 shares, compared to its average volume of 412,031. Onespan has a 52 week low of $12.51 and a 52 week high of $20.36. The business's 50-day moving average price is $15.67 and its 200 day moving average price is $16.10. The stock has a market capitalization of $537.97 million, a PE ratio of 9.30 and a beta of 1.12.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, August 15th. Onespan's payout ratio is 31.79%.

Insider Activity at Onespan

In related news, Director Garry L. Capers acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the transaction, the director directly owned 36,894 shares of the company's stock, valued at approximately $482,204.58. This trade represents a 5.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marc Zenner acquired 2,200 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price of $12.80 per share, with a total value of $28,160.00. Following the transaction, the director directly owned 71,273 shares in the company, valued at $912,294.40. The trade was a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC bought a new stake in shares of Onespan during the 4th quarter valued at $287,000. Alliancebernstein L.P. raised its position in shares of Onespan by 275.0% during the 4th quarter. Alliancebernstein L.P. now owns 133,622 shares of the company's stock valued at $2,477,000 after acquiring an additional 97,990 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Onespan by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 863,224 shares of the company's stock valued at $16,008,000 after acquiring an additional 5,750 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Onespan by 183.8% during the 4th quarter. Wells Fargo & Company MN now owns 38,759 shares of the company's stock valued at $719,000 after acquiring an additional 25,104 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Onespan by 13.3% during the 4th quarter. Invesco Ltd. now owns 61,492 shares of the company's stock valued at $1,140,000 after acquiring an additional 7,198 shares during the last quarter. 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.