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Ping Identity Holding (PING) was Downgraded to a Hold Rating at RBC Capital

RBC Capital analyst Matthew Hedberg downgraded Ping Identity Holding (PINGResearch Report) to Hold on August 3 and set a price target of $28.50. The company’s shares closed last Friday at $27.97.

According to TipRanks.com, Hedberg has 0 stars on 0-5 stars ranking scale with an average return of -4.6% and a 40.6% success rate. Hedberg covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, CrowdStrike Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Ping Identity Holding is a Hold with an average price target of $26.44, a -5.3% downside from current levels. In a report issued on July 28, Raymond James also downgraded the stock to Hold.

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The company has a one-year high of $30.40 and a one-year low of $15.85. Currently, Ping Identity Holding has an average volume of 1.54M.

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Ping Identity Holding Corp. engages in pioneering intelligent identity. It enables secure access to service, application or application programming interface from device. The company operates a platform that can leverage artificial intelligence and machine learning to analyse device, network, application and user behaviour data to make real-time authentication and security control decisions. The company was founded in 2003 and is headquartered in Denver, CO.

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