OneSpan's (OSPN) "Buy" Rating Reiterated at Rosenblatt Securities

OneSpan (NASDAQ:OSPN - Get Free Report)'s stock had its "buy" rating reissued by analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $20.00 target price on the stock. Rosenblatt Securities' price objective would suggest a potential upside of 28.30% from the stock's current price.

Separately, StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th.

OneSpan Trading Up 1.0 %

Shares of OSPN stock traded up $0.16 during mid-day trading on Friday, reaching $15.59. The stock had a trading volume of 139,324 shares, compared to its average volume of 401,204. OneSpan has a 52-week low of $11.70 and a 52-week high of $20.37. The stock's 50-day moving average price is $15.27 and its two-hundred day moving average price is $17.12. The firm has a market capitalization of $595.97 million, a PE ratio of 21.07 and a beta of 1.21.

Institutional Investors Weigh In On OneSpan

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda purchased a new position in shares of OneSpan during the 1st quarter worth approximately $183,000. Pacer Advisors Inc. acquired a new position in shares of OneSpan in the first quarter valued at approximately $3,276,000. KLP Kapitalforvaltning AS raised its position in OneSpan by 236.6% during the 1st quarter. KLP Kapitalforvaltning AS now owns 27,600 shares of the company's stock worth $421,000 after buying an additional 19,400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in OneSpan in the first quarter valued at about $376,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of OneSpan during the 1st quarter worth $261,000. 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.