OneSpan (NASDAQ:OSPN) Downgraded by StockNews.com

StockNews.com cut shares of OneSpan (NASDAQ:OSPN) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

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

OneSpan Stock Down 1.5 %

Shares of OSPN stock opened at $10.79 on Friday. The stock has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $10.13. OneSpan has a 1-year low of $7.64 and a 1-year high of $17.20.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate 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 during the quarter. Analysts expect that OneSpan will post 0.71 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of OneSpan

Several large investors have recently added to or reduced their stakes in OSPN. Los Angeles Capital Management LLC purchased a new stake in OneSpan in the 1st quarter valued at $2,997,000. Fuller & Thaler Asset Management Inc. purchased a new stake in OneSpan in the 3rd quarter valued at $1,968,000. Kennedy Capital Management LLC grew its holdings 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 buying an additional 144,883 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of OneSpan by 8.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,479,766 shares of the company’s stock worth $15,863,000 after purchasing an additional 117,463 shares during the period. Finally, B. Riley Asset Management LLC grew its holdings in shares of OneSpan by 127.8% during the 3rd quarter. B. Riley Asset Management LLC now owns 178,218 shares of the company’s stock worth $1,916,000 after purchasing an additional 100,000 shares during the period. 95.52% of the stock is currently owned by hedge funds and other 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.