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

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

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

OneSpan Trading Down 1.5 %

OSPN stock traded down $0.16 during trading on Friday, hitting $10.79. 182,183 shares of the stock traded hands, compared to its average volume of 379,552. OneSpan has a one year low of $7.64 and a one year high of $17.20. The stock has a market cap of $408.40 million, a price-to-earnings ratio of -14.58 and a beta of 0.80. The company has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $10.13.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter. As a group, analysts predict that OneSpan will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OneSpan news, Director Michael J. Mcconnell purchased 5,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $9.83 per share, for a total transaction of $49,150.00. Following the transaction, the director now directly 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 accessible through this link. Insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On OneSpan

Several institutional investors have recently modified their holdings of OSPN. TFO Wealth Partners LLC grew its position in shares of OneSpan by 15,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock worth $38,000 after buying an additional 3,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in OneSpan by 64.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock valued at $56,000 after purchasing an additional 2,027 shares during the period. Gladius Capital Management LP acquired a new position in OneSpan during the fourth quarter valued at approximately $95,000. SG Americas Securities LLC acquired a new position in OneSpan during the fourth quarter valued at approximately $112,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in OneSpan by 100.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock valued at $129,000 after purchasing an additional 5,578 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

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.