StockNews.com Lowers OneSpan (NASDAQ:OSPN) to Hold

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

Separately, Sidoti lowered OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Tuesday, April 2nd.

OneSpan Stock Down 1.5 %

NASDAQ OSPN opened at $10.79 on Friday. OneSpan has a 52-week low of $7.64 and a 52-week high of $17.20. The business’s 50-day moving average price is $10.49 and its 200 day moving average price is $10.13. The firm has a market cap of $408.40 million, a P/E ratio of -14.58 and a beta of 0.80.

OneSpan (NASDAQ:OSPN) last released its quarterly 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 return on equity of 6.43% and a negative net margin of 12.68%. The firm had revenue of $62.93 million for the quarter. As a group, analysts anticipate that OneSpan will post 0.71 earnings per share for the current year.

Insider Buying and Selling at OneSpan

In other OneSpan news, Director Michael J. Mcconnell acquired 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average price of $9.83 per share, with a total value of $49,150.00. Following the acquisition, the director now owns 73,849 shares of the company’s stock, valued at $725,935.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of OneSpan during the 3rd quarter worth approximately $1,968,000. Vanguard Group Inc. raised its position in shares of OneSpan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock worth $34,202,000 after purchasing an additional 11,757 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of OneSpan during the 4th quarter worth approximately $219,000. Kennedy Capital Management LLC raised its position in shares of OneSpan by 93.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after purchasing an additional 144,883 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of OneSpan during the 4th quarter worth approximately $112,000. Hedge funds and other institutional investors 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.