Rosenblatt Securities Cuts Onespan (NASDAQ:OSPN) Price Target to $17.00

Key Points

• Rosenblatt Securities has lowered its price target for OneSpan (NASDAQ: OSPN) from $20.00 to $17.00, indicating a potential upside of 22.39% from its current price.
• Shares of OneSpan recently traded down 3.0%, closing at $13.89, with the company experiencing notable changes in institutional investor positions during the fourth quarter.
• Wall Street Zen downgraded OneSpan's stock rating from "strong-buy" to "buy" as of May 22nd.

Onespan (NASDAQ:OSPN - Get Free Report) had its price target lowered by equities research analysts at Rosenblatt Securities from $20.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' target price suggests a potential upside of 22.39% from the company's current price.

Separately, Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Onespan Stock Down 3.0%

NASDAQ OSPN traded down $0.43 on Wednesday, hitting $13.89. The stock had a trading volume of 574,680 shares, compared to its average volume of 408,553. Onespan has a one year low of $12.78 and a one year high of $20.36. The stock has a market cap of $531.01 million, a price-to-earnings ratio of 9.45 and a beta of 1.12. The company's 50-day moving average is $15.94 and its two-hundred day moving average is $16.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OSPN. American Century Companies Inc. boosted its holdings in shares of Onespan by 166.4% in the fourth quarter. American Century Companies Inc. now owns 64,794 shares of the company's stock valued at $1,201,000 after acquiring an additional 40,475 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Onespan in the fourth quarter valued at approximately $152,000. LPL Financial LLC acquired a new stake in Onespan during the fourth quarter valued at approximately $287,000. Vanguard Group Inc. lifted its stake in Onespan by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock valued at $65,390,000 after purchasing an additional 38,362 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Onespan by 275.0% during the fourth quarter. Alliancebernstein L.P. now owns 133,622 shares of the company's stock valued at $2,477,000 after purchasing an additional 97,990 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

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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