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

StockNews.com lowered shares of OneSpan (NASDAQ:OSPNGet Rating) from a buy rating to a hold rating in a research note published on Monday.

OneSpan Stock Performance

Shares of OSPN stock opened at $13.51 on Monday. The stock’s fifty day moving average is $10.44 and its two-hundred day moving average is $11.27. The firm has a market capitalization of $535.83 million, a P/E ratio of -21.44 and a beta of 0.78. OneSpan has a fifty-two week low of $8.15 and a fifty-two week high of $18.56.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Credit Suisse AG raised its holdings in shares of OneSpan by 4.8% during the 2nd quarter. Credit Suisse AG now owns 22,546 shares of the company’s stock worth $268,000 after acquiring an additional 1,041 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of OneSpan by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 303,819 shares of the company’s stock worth $4,388,000 after acquiring an additional 1,129 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of OneSpan by 3.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 35,029 shares of the company’s stock worth $417,000 after acquiring an additional 1,155 shares during the period. American International Group Inc. raised its holdings in shares of OneSpan by 5.8% during the 2nd quarter. American International Group Inc. now owns 21,287 shares of the company’s stock worth $253,000 after acquiring an additional 1,174 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of OneSpan by 21.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 7,010 shares of the company’s stock worth $60,000 after acquiring an additional 1,230 shares during the period. Hedge funds and other institutional investors own 81.08% of the company’s stock.

OneSpan Company Profile

(Get Rating)

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity 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 signing, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.

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