Ping Identity Holding Corp (NYSE:PING) Receives $22.50 Consensus PT from Analysts

Ping Identity Holding Corp (NYSE:PING) has received a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.

A number of brokerages recently issued reports on PING. Barclays began coverage on shares of Ping Identity in a research report on Monday. They set an “overweight” rating and a $21.00 target price on the stock. Raymond James began coverage on shares of Ping Identity in a research report on Monday. They set an “outperform” rating and a $21.00 target price on the stock. Citigroup began coverage on shares of Ping Identity in a research report on Monday. They set a “buy” rating and a $22.00 target price on the stock. William Blair began coverage on shares of Ping Identity in a research report on Monday. They set an “outperform” rating and a $21.00 target price on the stock. Finally, Goldman Sachs Group began coverage on shares of Ping Identity in a research report on Monday. They set a “buy” rating and a $24.00 target price on the stock.

Shares of Ping Identity stock traded down $0.32 on Monday, reaching $15.58. The stock had a trading volume of 5,128 shares, compared to its average volume of 1,389,171. Ping Identity has a fifty-two week low of $15.51 and a fifty-two week high of $21.00.

An institutional investor recently bought a new position in Ping Identity stock. Taylor Wealth Management Partners purchased a new position in shares of Ping Identity Holding Corp (NYSE:PING) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 48,895 shares of the company’s stock, valued at approximately $843,000. Taylor Wealth Management Partners owned approximately 0.06% of Ping Identity as of its most recent SEC filing.

Ping Identity Company Profile

Ping Identity Holding Corp., doing business as Ping Identity Corporation, provides intelligent identity solutions in the United States and internationally. It operates an Intelligent Identity platform, which offers secure access to any service, application, or application programming interface (API) to customers, employees, partners, and the Internet of Things.

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Analyst Recommendations for Ping Identity (NYSE:PING)

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