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.
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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.
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