In last trading session, Ping Identity Holding Corp. (NYSE:PING) saw 0.65 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $20.41 trading at $0.26 or 1.29% at ring of the bell on the day assigns it a market valuation of $1.70B. That closing price of PING’s stock is at a discount of -82.41% from its 52-week high price of $37.23 and is indicating a premium of 2.84% from its 52-week low price of $19.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.9 million shares which gives us an average trading volume of 1.16 million if we extend that period to 3-months.
For Ping Identity Holding Corp. (PING), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 16 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.01 in the current quarter.
Ping Identity Holding Corp. (NYSE:PING) trade information
Upright in the green during last session for gaining 1.29%, in the last five days PING remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $20.41 price level, adding 8.43% to its value on the day. Ping Identity Holding Corp.’s shares saw a change of -10.80% in year-to-date performance and have moved -2.11% in past 5-day. Ping Identity Holding Corp. (NYSE:PING) showed a performance of -14.46% in past 30-days. Number of shares sold short was 6.17 million shares which calculate 5.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $34.07 to the stock, which implies a rise of 40.09% to its current value. Analysts have been projecting $25.00 as a low price target for the stock while placing it at a high target of $44.00. It follows that stock’s current price would drop -115.58% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.49% for stock’s current value.
Ping Identity Holding Corp. (PING) estimates and forecasts
Statistics highlight that Ping Identity Holding Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -7.06% of value to its shares in past 6 months, showing an annual growth rate of -27.27% while that of industry is 9.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -88.90% in the current quarter and calculating 100.00% increase in the next quarter. This year revenue growth is estimated to rise 21.20% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $71.22 million for the same. And 16 analysts are in estimates of company making revenue of $78.53 million in the next quarter that will end on Mar 2022. Company posted $63.26 million and $68.94 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 12.60% while estimating it to be 13.90% for the next quarter.
In 2022, company’s earnings growth rate is likely to be around -577.20% while estimates for its earnings growth in next 5 years are of 17.30%.
Ping Identity Holding Corp. is more likely to be releasing its next quarterly report between February 22 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Ping Identity Holding Corp. (NYSE:PING)’s Major holders
Insiders are in possession of 6.76% of company’s total shares while institution are holding 76.95 percent of that, with stock having share float percentage of 82.54%. Investors also watch the number of corporate investors in a company very closely, which is 76.95% institutions for Ping Identity Holding Corp. that are currently holding shares of the company. Vista Equity Partners Management, LLC is the top institutional holder at PING for having 19.84 million shares of worth $487.35 million. And as of Sep 29, 2021, it was holding 23.73% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.81 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.76% of outstanding shares, having a total worth of $118.29 million.
On the other hand, ETF Managers Tr-EFTMG Prime Cyber Security ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.91 million shares of worth $46.99 million or 2.29% of the total outstanding shares. The later fund manager was in possession of 1.51 million shares on Sep 29, 2021, making its stake of worth around $37.12 million in the company or a holder of 1.81% of company’s stock.