OneSpan (NASDAQ:OSPN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Thursday.
Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of OneSpan in a research report on Friday, May 2nd.
Get Our Latest Analysis on OSPN
OneSpan Stock Performance
NASDAQ OSPN traded up $0.36 on Thursday, reaching $16.17. 295,740 shares of the stock traded hands, compared to its average volume of 399,008. The company has a fifty day moving average price of $15.24 and a 200-day moving average price of $17.15. The company has a market cap of $618.18 million, a price-to-earnings ratio of 21.85 and a beta of 1.21. OneSpan has a 12 month low of $12.28 and a 12 month high of $20.37.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of OneSpan by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock worth $65,390,000 after acquiring an additional 38,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of OneSpan by 8.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,341,305 shares of the company's stock worth $35,709,000 after acquiring an additional 177,011 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of OneSpan in the 4th quarter worth $44,699,000. Legal & General Group Plc raised its position in shares of OneSpan by 0.8% in the 4th quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock worth $40,706,000 after acquiring an additional 16,901 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of OneSpan by 28.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after acquiring an additional 395,222 shares in the last quarter. 95.52% of the stock is owned by institutional investors.
About OneSpan
(
Get Free Report)
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.
Recommended Stories
Before you consider OneSpan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneSpan wasn't on the list.
While OneSpan currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
