OneSpan (NASDAQ:OSPN) Downgraded by Sidoti to Neutral

Sidoti downgraded shares of OneSpan (NASDAQ:OSPNFree Report) from a buy rating to a neutral rating in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $12.00 target price on the stock.

Separately, StockNews.com upgraded shares of OneSpan from a hold rating to a buy rating in a research report on Monday, March 11th.

Read Our Latest Analysis on OSPN

OneSpan Stock Down 0.2 %

Shares of NASDAQ:OSPN opened at $11.69 on Tuesday. The company’s 50 day moving average price is $10.38 and its two-hundred day moving average price is $10.16. OneSpan has a 12-month low of $7.64 and a 12-month high of $18.61. The firm has a market cap of $441.77 million, a PE ratio of -15.80 and a beta of 0.80.

OneSpan (NASDAQ:OSPNGet Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. The firm had revenue of $62.93 million for the quarter. On average, research analysts expect that OneSpan will post 0.71 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael J. Mcconnell purchased 5,000 shares of OneSpan stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the transaction, the director now owns 73,849 shares of the company’s stock, valued at approximately $725,935.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneSpan

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new position in OneSpan in the 3rd quarter valued at approximately $1,968,000. Moody National Bank Trust Division bought a new position in OneSpan in the 4th quarter valued at approximately $219,000. Kennedy Capital Management LLC lifted its stake in 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. Illinois Municipal Retirement Fund bought a new position in OneSpan in the 3rd quarter valued at approximately $234,000. Finally, Strs Ohio lifted its stake in OneSpan by 27.7% in the 3rd quarter. Strs Ohio now owns 51,600 shares of the company’s stock valued at $554,000 after purchasing an additional 11,200 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

OneSpan Company Profile

(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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