PROS Holdings, Inc. (NYSE:PRO) Receives Consensus Rating of “Moderate Buy” from Analysts

PROS Holdings, Inc. (NYSE:PRO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $34.86.

PRO has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Robert W. Baird cut their price objective on PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. KeyCorp decreased 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. Oppenheimer dropped their price target on shares of PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Craig Hallum reduced their price objective on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st.

PROS Stock Up 0.1 %

Shares of PRO opened at $18.62 on Thursday. The company has a market capitalization of $875.21 million, a price-to-earnings ratio of -17.73 and a beta of 1.20. PROS has a 52 week low of $16.64 and a 52 week high of $40.99. The stock’s 50-day moving average price is $20.14 and its 200-day moving average price is $27.50.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share 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 analysts’ expectations of $81.38 million. PROS’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) earnings per share. As a group, equities analysts anticipate that PROS will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On PROS

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRO. Victory Capital Management Inc. purchased a new position in shares of PROS in the fourth quarter worth about $218,000. Charles Schwab Investment Management Inc. raised its holdings in PROS by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker’s stock valued at $13,042,000 after acquiring an additional 4,057 shares during the last quarter. Norges Bank purchased a new position in PROS in the 4th quarter worth approximately $12,436,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of PROS during the 4th quarter worth approximately $495,000. Finally, Trexquant Investment LP grew its position in shares of PROS by 73.8% in the fourth quarter. Trexquant Investment LP now owns 57,670 shares of the software maker’s stock valued at $2,237,000 after purchasing an additional 24,489 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Company Profile

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.