PING has been the topic of a number of other research reports. KeyCorp decreased their target price on shares of Ping Identity from $34.00 to $27.00 and set an overweight rating on the stock in a research note on Friday, July 22nd. The Goldman Sachs Group raised their target price on shares of Ping Identity from $28.00 to $31.00 and gave the stock a buy rating in a research note on Tuesday, April 12th. Mizuho decreased their target price on shares of Ping Identity from $29.00 to $25.00 and set a neutral rating on the stock in a research note on Tuesday, July 19th. Barclays decreased their target price on shares of Ping Identity from $30.00 to $26.00 and set an overweight rating on the stock in a research note on Tuesday, July 12th. Finally, Piper Sandler decreased their target price on shares of Ping Identity from $25.00 to $20.00 in a research note on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $28.87.
Ping Identity Stock Performance
PING opened at $17.17 on Monday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -20.94 and a beta of 0.96. The company’s 50 day moving average is $18.72 and its 200 day moving average is $21.19. Ping Identity has a 12-month low of $15.85 and a 12-month high of $30.40.
Institutional Investors Weigh In On Ping Identity
Several large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in Ping Identity by 4.0% in the fourth quarter. Legal & General Group Plc now owns 3,311,199 shares of the company’s stock worth $75,760,000 after purchasing an additional 126,956 shares during the last quarter. Senvest Management LLC bought a new stake in Ping Identity in the fourth quarter worth $68,672,000. Keenan Capital LLC boosted its stake in Ping Identity by 25.4% during the fourth quarter. Keenan Capital LLC now owns 2,921,691 shares of the company’s stock worth $66,848,000 after buying an additional 591,691 shares during the period. First Trust Advisors LP purchased a new position in Ping Identity during the first quarter worth $76,424,000. Finally, Point72 Asset Management L.P. boosted its stake in Ping Identity by 47.1% during the fourth quarter. Point72 Asset Management L.P. now owns 2,013,700 shares of the company’s stock worth $46,073,000 after buying an additional 645,200 shares during the period. Institutional investors own 84.31% of the company’s stock.
Ping Identity Company Profile
Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally. Its Ping Intelligent Identity platform provides access to cloud, mobile, Software-as-a-Service, and on-premise applications with customers, workforce, and partners.
- Get a free copy of the StockNews.com research report on Ping Identity (PING)
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- The Colgate-Palmolive Growth Outlook Brightens
- Deep Value High Yield Newell Brands Is Ready To Bottom
- These Stocks Outperformed Last Time There Was A Recession
- Does Rivian’s Stock Still Have A Future?
Receive News & Ratings for Ping Identity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ping Identity and related companies with MarketBeat.com's FREE daily email newsletter.