PROS Holdings, Inc. (NYSE:PRO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of PROS Holdings, Inc. (NYSE:PRO) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $34.86.

Several equities research analysts recently commented on PRO shares. Robert W. Baird cut their price target on PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Oppenheimer cut their target price on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Bank of America lowered their price target on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of PROS in a research note on Monday, September 9th. Finally, Craig Hallum decreased their target price 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.

PROS Price Performance

Shares of NYSE:PRO opened at $19.68 on Monday. The business’s 50 day moving average price is $18.59 and its 200-day moving average price is $25.49. PROS has a 1 year low of $16.64 and a 1 year high of $40.99. The firm has a market capitalization of $925.04 million, a PE ratio of -18.74 and a beta of 1.21.

PROS (NYSE:PRO) last released its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to analysts’ expectations of $81.38 million. PROS’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. As a group, analysts expect that PROS will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On PROS

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kopion Asset Management LLC boosted its position in shares of PROS by 60.0% during the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after purchasing an additional 173,168 shares during the period. Creative Planning purchased a new stake in shares of PROS in the 3rd quarter valued at $249,000. Inspire Investing LLC lifted its stake in PROS by 82.0% during the 3rd quarter. Inspire Investing LLC now owns 22,414 shares of the software maker’s stock worth $415,000 after acquiring an additional 10,099 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in PROS during the 2nd quarter valued at about $2,472,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in PROS in the 2nd quarter valued at about $29,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.