NYSE:PING

Ping Identity - PING Stock Forecast, Price & News

$28.17

+0.01 (+0.04%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: $28.07
▼
$28.20
50-Day Range: $16.48
▼
$28.17
52-Week Range: $15.85
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$30.40

Volume: 1.00 million shs
Average Volume: 3.34 million shs
Market Capitalization: $2.42 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $28.82

Ping Identity MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 2.3% Upside
$28.82 Price Target
Short Interest: Bearish
12.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.01
Based on 20 Articles This Week
Insider Trading: Selling Shares
$2.79 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.99) to ($0.72) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.65 out of 5 stars

Computer And Technology Sector

581st out of 665 stocks

Prepackaged Software Industry

203rd out of 230 stocks

2.1

Analyst's Opinion

Consensus Rating
Ping Identity has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 12 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.82, Ping Identity has a forecasted upside of 2.3% from its current price of $28.17.
Amount of Analyst Coverage
Ping Identity has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
12.39% of the float of Ping Identity has been sold short.
Short Interest Ratio / Days to Cover
Ping Identity has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Ping Identity has recently decreased by 1.70%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Ping Identity does not currently pay a dividend.
Dividend Growth
Ping Identity does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PING.

2.8

News and Social Media Coverage

News Sentiment
Ping Identity has a news sentiment score of 0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Ping Identity this week, compared to 3 articles on an average week.
Search Interest
14 people have searched for PING on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
MarketBeat Follows
8 people have added Ping Identity to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ping Identity insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,787,000.00 in company stock.
Percentage Held by Insiders
Only 2.89% of the stock of Ping Identity is held by insiders.
Percentage Held by Institutions
84.31% of the stock of Ping Identity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Ping Identity are expected to grow in the coming year, from ($0.99) to ($0.72) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ping Identity is -22.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ping Identity is -22.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ping Identity has a P/B Ratio of 3.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Ping Identity (NYSE:PING) Stock

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. The company's platform offers secure single sign-on; multi-factor authentication; access security; directory solution; dynamic authorization; risk management; identity verification; API intelligence; orchestration; and fraud detection. It also provides professional and customer support services. The company sells its solutions through a direct sales force. Its customers include enterprises in Fortune 100, U.S. banks, healthcare companies, aerospace companies, auto manufacturers, and North American retailers. The company was formerly known as Roaring Fork Holding, Inc. and changed its name to Ping Identity Holding Corp. in August 2019. Ping Identity Holding Corp. was incorporated in 2016 and is headquartered in Denver, Colorado.

Ping Identity Price Performance

Shares of NYSE:PING opened at $28.17 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. Ping Identity has a twelve month low of $15.85 and a twelve month high of $30.40. The firm has a 50-day moving average of $20.01 and a two-hundred day moving average of $21.59.

Ping Identity (NYSE:PING - Get Rating) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.21). Ping Identity had a negative net margin of 34.24% and a negative return on equity of 9.91%. The business had revenue of $72.00 million during the quarter, compared to analyst estimates of $73.30 million. During the same quarter last year, the business posted ($0.04) earnings per share. The business's quarterly revenue was down 8.7% compared to the same quarter last year. As a group, research analysts expect that Ping Identity will post -0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. DA Davidson downgraded Ping Identity from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 3rd. Royal Bank of Canada reduced their price objective on shares of Ping Identity from $33.00 to $25.00 and set an "outperform" rating for the company in a research note on Monday, August 1st. Wells Fargo & Company downgraded shares of Ping Identity to an "equal weight" rating in a report on Tuesday. KeyCorp cut shares of Ping Identity to a "sector weight" rating in a research report on Tuesday. Finally, Mizuho increased their price target on Ping Identity from $25.00 to $28.50 and gave the company a "neutral" rating in a report on Thursday, August 4th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $28.82.

Insider Buying and Selling

In other Ping Identity news, CEO Andre Wong Durand sold 100,000 shares of the company's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $27.87, for a total value of $2,787,000.00. Following the transaction, the chief executive officer now directly owns 502,416 shares of the company's stock, valued at approximately $14,002,333.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.89% of the stock is owned by insiders.

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PING Stock News Headlines

August 11, 2022 | americanbankingnews.com

Ping Identity (NYSE:PING) Stock Rating Lowered by Wells Fargo & Company

August 11, 2022 | finance.yahoo.com

Thoma Bravo Agrees to Acquire Ping Identity in $2.8 Billion Take-Private Bid

August 10, 2022 | americanbankingnews.com

Ping Identity (NYSE:PING) Downgraded by KeyCorp to Sector Weight

August 10, 2022 | americanbankingnews.com

Ping Identity (NYSE:PING) PT Raised to $28.00

August 9, 2022 | americanbankingnews.com

Ping Identity Holding Corp. (NYSE:PING) Given Average Recommendation of "Hold" by Brokerages

August 8, 2022 | techcrunch.com

Ping Identity CEO discusses his company’s long, strange startup trip

August 7, 2022 | apnews.com

PING IDENTITY HOLDING CORP. ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of PING and Encourages Investors to Contact the Firm