OneSpan (NASDAQ:OSPN) Rating Lowered to Hold at StockNews.com

OneSpan (NASDAQ:OSPN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Sidoti cut OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Tuesday, April 2nd.

OneSpan Stock Performance

OneSpan stock opened at $10.79 on Friday. The stock has a market cap of $408.40 million, a PE ratio of -14.58 and a beta of 0.80. OneSpan has a one year low of $7.64 and a one year high of $17.20. The stock has a fifty day moving average of $10.49 and a 200 day moving average of $10.13.

OneSpan (NASDAQ:OSPN) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The company had revenue of $62.93 million during the quarter. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. As a group, sell-side analysts predict that OneSpan will post 0.71 EPS for the current fiscal year.

Insider Activity at OneSpan

In other news, Director Michael J. Mcconnell purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $9.83 per share, with a total value of $49,150.00. Following the completion of the purchase, the director now owns 73,849 shares in the company, valued at $725,935.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneSpan

Institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of OneSpan in the 3rd quarter valued at approximately $1,968,000. Vanguard Group Inc. lifted its stake in shares of OneSpan by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock valued at $34,202,000 after purchasing an additional 11,757 shares during the last quarter. Moody National Bank Trust Division bought a new stake in shares of OneSpan in the 4th quarter valued at approximately $219,000. Kennedy Capital Management LLC lifted its stake in shares of OneSpan by 93.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock valued at $3,225,000 after purchasing an additional 144,883 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of OneSpan in the 4th quarter valued at approximately $112,000. 95.52% of the stock is 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.