Prosperity Wealth Management Inc. Purchases New Shares in OneSpan Inc. (NASDAQ:OSPN)

Prosperity Wealth Management Inc. purchased a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,900 shares of the company’s stock, valued at approximately $462,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in OneSpan in the fourth quarter worth about $37,000. New York State Teachers Retirement System bought a new position in OneSpan in the fourth quarter valued at approximately $64,000. Covestor Ltd acquired a new stake in OneSpan during the 3rd quarter worth $65,000. Steward Partners Investment Advisory LLC bought a new stake in shares of OneSpan during the 4th quarter valued at $109,000. Finally, Intech Investment Management LLC acquired a new position in shares of OneSpan in the 3rd quarter valued at $173,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on OSPN. StockNews.com cut OneSpan from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Rosenblatt Securities boosted their target price on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Trading Down 1.3 %

OSPN stock opened at $15.91 on Wednesday. The firm has a market capitalization of $607.38 million, a PE ratio of 21.50 and a beta of 0.83. OneSpan Inc. has a 1-year low of $9.48 and a 1-year high of $20.37. The business’s 50 day simple moving average is $18.50 and its 200 day simple moving average is $17.30.

OneSpan 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.