OneSpan (NASDAQ:OSPN - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Separately, Rosenblatt Securities reiterated a "buy" rating and set a $20.00 target price on shares of OneSpan in a research report on Friday, May 2nd.
Check Out Our Latest Report on OSPN
OneSpan Stock Performance
Shares of OneSpan stock opened at $15.99 on Thursday. The firm has a fifty day moving average of $15.25 and a two-hundred day moving average of $17.18. The stock has a market capitalization of $611.30 million, a price-to-earnings ratio of 21.61 and a beta of 1.21. OneSpan has a 52 week low of $12.28 and a 52 week high of $20.37.
Institutional Investors Weigh In On OneSpan
Several large investors have recently modified their holdings of the business. Caxton Associates LLP bought a new stake in shares of OneSpan in the first quarter worth about $537,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in OneSpan by 8.2% during 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 buying an additional 177,011 shares during the period. EJF Capital LLC raised its holdings in OneSpan by 4.5% during the 1st quarter. EJF Capital LLC now owns 130,001 shares of the company's stock worth $1,983,000 after buying an additional 5,556 shares during the period. AQR Capital Management LLC raised its holdings in OneSpan by 55.3% during the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company's stock worth $8,631,000 after buying an additional 201,585 shares during the period. Finally, Royal Bank of Canada lifted its position in OneSpan by 37.0% in the 1st quarter. Royal Bank of Canada now owns 67,916 shares of the company's stock valued at $1,036,000 after acquiring an additional 18,328 shares in the last quarter. 95.52% of the stock is currently 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.
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