PROS (NYSE:PRO) Sets New 1-Year Low at $17.46

PROS Holdings, Inc. (NYSE:PRO)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $17.46 and last traded at $17.49, with a volume of 61779 shares changing hands. The stock had previously closed at $17.82.

Wall Street Analysts Forecast Growth

PRO has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of PROS in a research report on Monday. Craig Hallum cut their price objective on shares of PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. Robert W. Baird lowered their target price on PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. KeyCorp dropped their target price on PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus lowered their price objective on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.86.

PROS Stock Performance

The firm has a market cap of $798.60 million, a price-to-earnings ratio of -16.19 and a beta of 1.20. The business’s 50 day moving average price is $21.80 and its 200-day moving average price is $28.80.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $82.01 million for the quarter, compared to analyst estimates of $81.38 million. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) EPS. On average, analysts forecast that PROS Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of PROS

Several institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new stake in shares of PROS during the 4th quarter worth approximately $218,000. Charles Schwab Investment Management Inc. increased its position in PROS by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker’s stock worth $13,042,000 after buying an additional 4,057 shares during the period. Lindenwold Advisors INC bought a new stake in PROS in the fourth quarter valued at $216,000. Brown Advisory Inc. boosted its holdings in shares of PROS by 11.4% during the fourth quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker’s stock valued at $109,171,000 after acquiring an additional 287,338 shares during the period. Finally, Norges Bank bought a new position in shares of PROS during the fourth quarter worth about $12,436,000. Institutional investors own 94.27% of the company’s stock.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.