Ping Identity’s (PING) “Buy” Rating Reiterated at Oppenheimer

Oppenheimer reiterated their buy rating on shares of Ping Identity (NYSE:PING) in a research note issued to investors on Thursday, TipRanks reports. They currently have a $22.00 price target on the stock. Oppenheimer also issued estimates for Ping Identity’s Q4 2020 earnings at $0.15 EPS.

A number of other equities analysts also recently commented on the company. William Blair started coverage on Ping Identity in a research note on Monday, October 14th. They issued an outperform rating and a $21.00 target price for the company. Wells Fargo & Co started coverage on Ping Identity in a research note on Monday, October 14th. They issued an outperform rating for the company. Citigroup started coverage on Ping Identity in a research note on Monday, October 14th. They issued a buy rating and a $22.00 target price for the company. Bank of America lifted their target price on Ping Identity from $21.00 to $24.00 and gave the company a buy rating in a research note on Thursday. Finally, Goldman Sachs Group started coverage on Ping Identity in a report on Monday, October 14th. They set a buy rating and a $24.00 price target on the stock. Thirteen analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average target price of $22.17.

PING stock traded down $0.45 during midday trading on Thursday, reaching $18.79. The company had a trading volume of 6,756 shares, compared to its average volume of 513,341. The stock’s 50 day moving average price is $16.67. Ping Identity has a fifty-two week low of $15.22 and a fifty-two week high of $21.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Taylor Wealth Management Partners bought a new stake in shares of Ping Identity during the third quarter valued at approximately $843,000. Envestnet Asset Management Inc. bought a new stake in shares of Ping Identity during the third quarter valued at approximately $531,000. Teacher Retirement System of Texas bought a new stake in shares of Ping Identity during the third quarter valued at approximately $431,000. Dean Capital Investments Management LLC bought a new stake in shares of Ping Identity during the third quarter valued at approximately $515,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Ping Identity during the third quarter valued at approximately $25,000. 2.00% of the stock is currently owned by institutional investors.

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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