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

Shares of PROS Holdings, Inc. (NYSE:PRO) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $32.00.

Several research firms recently commented on PRO. Robert W. Baird raised their price target on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 30th. KeyCorp boosted their price target on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Northland Securities reissued an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their target price on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 7th.

Insider Buying and Selling

In related news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by insiders.

Institutional Trading of PROS

Hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS during the 4th quarter worth approximately $30,000. Ancora Advisors LLC purchased a new position in PROS in the fourth quarter worth $33,000. Quadrant Capital Group LLC increased its position in shares of PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after purchasing an additional 926 shares in the last quarter. Comerica Bank lifted its holdings in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Quarry LP boosted its position in shares of PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker’s stock worth $127,000 after purchasing an additional 4,959 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Stock Performance

PRO opened at $25.72 on Friday. The stock’s 50 day moving average price is $23.82 and its 200-day moving average price is $21.47. PROS has a one year low of $16.64 and a one year high of $38.71. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -58.44 and a beta of 1.22.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, analysts predict that PROS will post -0.2 earnings per share for the current fiscal year.

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.