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

OneSpan (NASDAQ:OSPN - Get Free Report)'s stock had its "buy" rating reaffirmed by Rosenblatt Securities in a research note issued on Friday,Benzinga reports. They presently have a $20.00 price objective on the stock. Rosenblatt Securities' target price points to a potential upside of 32.89% from the company's previous close.

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

OneSpan Stock Up 2.7 %

Shares of OSPN traded up $0.39 during trading hours on Friday, hitting $15.05. The company had a trading volume of 621,554 shares, compared to its average volume of 402,554. 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 $15.32 and its 200 day moving average price is $17.14. The firm has a market cap of $575.36 million, a P/E ratio of 20.34 and a beta of 1.21.

Institutional Trading of OneSpan

Several large investors have recently modified their holdings of OSPN. R Squared Ltd purchased a new stake in OneSpan in the 4th quarter worth approximately $37,000. New York State Teachers Retirement System purchased a new stake in OneSpan in the fourth quarter worth $64,000. Copeland Capital Management LLC purchased a new stake in OneSpan in the first quarter worth $64,000. Steward Partners Investment Advisory LLC bought a new stake in OneSpan in the fourth quarter valued at $109,000. Finally, State of Tennessee Department of Treasury purchased a new position in OneSpan during the 4th quarter valued at $147,000. 95.52% of the stock is owned by institutional investors.

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.