PROS Holdings’ (PRO) Hold Rating Reiterated at Stifel Nicolaus

PROS Holdings, Inc. (NYSE:PRO)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a report issued on Sunday, October 8th. They currently have a $28.00 price objective on the software maker’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.11% from the stock’s current price.

Separately, Pacific Crest lifted their price target on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.60.

PROS Holdings (PRO) traded down 1.11% during midday trading on Friday, hitting $24.92. The company had a trading volume of 41,966 shares. The firm’s market capitalization is $792.16 million. PROS Holdings has a 1-year low of $20.34 and a 1-year high of $30.49. The company has a 50 day moving average price of $24.74 and a 200 day moving average price of $26.22.

PROS Holdings (NYSE:PRO) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.35) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The business had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.48 million. During the same quarter last year, the firm posted ($0.26) EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts forecast that PROS Holdings will post ($0.87) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by BBNS and is owned by of BBNS. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://baseballnewssource.com/markets/pros-holdings-inc-pro-earns-hold-rating-from-stifel-nicolaus/1699907.html.

In other PROS Holdings news, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.67, for a total transaction of $807,777.25. Following the completion of the transaction, the chief executive officer now directly owns 423,140 shares of the company’s stock, valued at approximately $12,131,423.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald F. Woestemeyer sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,350 shares of company stock valued at $2,296,808. 17.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PRO. ETF Managers Group LLC acquired a new position in shares of PROS Holdings in the 2nd quarter valued at about $110,000. Bank of Montreal Can boosted its holdings in shares of PROS Holdings by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after buying an additional 59 shares during the period. Legal & General Group Plc boosted its holdings in shares of PROS Holdings by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock valued at $172,000 after buying an additional 199 shares during the period. Menta Capital LLC acquired a new position in shares of PROS Holdings in the 1st quarter valued at about $267,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of PROS Holdings in the 2nd quarter valued at about $359,000. 91.59% of the stock is owned by institutional investors and hedge funds.

PROS Holdings Company Profile

PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.

Analyst Recommendations for PROS Holdings (NYSE:PRO)

Receive News & Ratings for PROS Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.