PROS (NYSE:PRO) Downgraded by Baird R W to Hold

Baird R W cut shares of PROS (NYSE:PRO) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded PROS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 7th. Northland Securities set a $38.00 target price on PROS in a research note on Wednesday, May 28th. Robert W. Baird downgraded shares of PROS from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $18.00 in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of PROS in a report on Thursday, June 12th. Finally, Stifel Nicolaus decreased their target price on shares of PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

PROS Trading Up 0.2%

Shares of PRO stock traded up $0.02 during trading hours on Monday, reaching $15.24. 238,136 shares of the stock were exchanged, compared to its average volume of 534,854. The firm has a market capitalization of $729.46 million, a price-to-earnings ratio of -34.65 and a beta of 1.03. PROS has a 12-month low of $14.61 and a 12-month high of $29.84. The company’s 50-day moving average price is $17.38 and its 200-day moving average price is $20.95.

PROS (NYSE:PRO) last issued its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, sell-side analysts expect that PROS will post -0.2 EPS for the current year.

Institutional Investors Weigh In On PROS

A number of large investors have recently modified their holdings of PRO. US Bancorp DE raised its holdings in PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after acquiring an additional 1,841 shares during the last quarter. Vanguard Group Inc. grew its position in shares of PROS by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after purchasing an additional 172,997 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of PROS by 18.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock valued at $5,780,000 after purchasing an additional 41,111 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of PROS by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker’s stock valued at $614,000 after purchasing an additional 1,438 shares during the last quarter. Finally, Comerica Bank lifted its position in PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after buying an additional 1,140 shares in the last quarter. Hedge funds and other 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.