Ping Identity (NYSE:PING) had its price target upped by investment analysts at Mizuho from $20.00 to $22.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price target indicates a potential upside of 14.35% from the stock’s current price.

Other analysts also recently issued reports about the stock. Goldman Sachs Group started coverage on shares of Ping Identity in a report on Monday, October 14th. They issued a “buy” rating and a $24.00 price objective on the stock. Citigroup started coverage on shares of Ping Identity in a report on Monday, October 14th. They issued a “buy” rating and a $22.00 price objective on the stock. Deutsche Bank started coverage on shares of Ping Identity in a report on Monday, October 14th. They issued a “buy” rating and a $21.00 price objective on the stock. Raymond James started coverage on shares of Ping Identity in a research note on Monday, October 14th. They issued an “outperform” rating and a $21.00 target price for the company. Finally, Bank of America started coverage on shares of Ping Identity in a research note on Monday, October 14th. They issued a “buy” rating and a $21.00 target price for the company. Thirteen equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $22.17.

Shares of NYSE PING traded up $0.54 during midday trading on Thursday, reaching $19.24. The company’s stock had a trading volume of 1,020,441 shares, compared to its average volume of 300,728. Ping Identity has a fifty-two week low of $15.22 and a fifty-two week high of $21.00. The stock has a 50 day simple moving average of $16.67.

Several large investors have recently added to or reduced their stakes in the stock. Taylor Wealth Management Partners bought a new position in shares of Ping Identity in the third quarter valued at $843,000. Envestnet Asset Management Inc. bought a new position in Ping Identity during the third quarter worth $531,000. Dean Capital Investments Management LLC bought a new position in Ping Identity during the third quarter worth $515,000. Teacher Retirement System of Texas bought a new position in Ping Identity during the third quarter worth $431,000. Finally, Tower Research Capital LLC TRC bought a new position in Ping Identity during the third quarter worth $28,000. 0.18% of the stock is owned by institutional investors and hedge funds.

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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