Ping Identity Holding Corp (NYSE:PING) has received an average recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat reports. Thirteen equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.92.

Several research firms have recently issued reports on PING. Wells Fargo & Co started coverage on shares of Ping Identity in a research report on Monday, October 14th. They set an “outperform” rating on the stock. Stifel Nicolaus initiated coverage on shares of Ping Identity in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 target price for the company. Raymond James assumed coverage on shares of Ping Identity in a research note on Monday, October 14th. They set an “outperform” rating and a $21.00 target price for the company. Barclays initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, Mizuho boosted their price target on shares of Ping Identity from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

PING stock traded down $0.73 during midday trading on Tuesday, hitting $20.69. The company’s stock had a trading volume of 714,993 shares, compared to its average volume of 959,977. Ping Identity has a 12 month low of $15.22 and a 12 month high of $23.00. The business has a 50 day moving average price of $18.45.

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. bought a new position in Ping Identity during the third quarter valued at $531,000. Point72 Asset Management L.P. purchased a new stake in shares of Ping Identity during the 3rd quarter valued at about $9,488,000. Vista Equity Partners Management LLC purchased a new stake in shares of Ping Identity during the 3rd quarter valued at about $1,093,089,000. Teacher Retirement System of Texas bought a new position in shares of Ping Identity in the 3rd quarter valued at about $431,000. Finally, Dean Capital Investments Management LLC bought a new position in shares of Ping Identity in the 3rd quarter valued at about $515,000. 96.28% of the stock is currently owned by institutional investors.

About Ping Identity

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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