PROS (NYSE:PRO) Stock Rating Lowered by Craig Hallum

PROS (NYSE:PRO) was downgraded by research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat reports. They presently have a $32.00 price target on the software maker’s stock, down from their previous price target of $40.00. Craig Hallum’s target price would suggest a potential upside of 35.88% from the stock’s previous close.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of PROS in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.50.

PROS Trading Down 4.8 %

Shares of PRO opened at $23.55 on Tuesday. The company’s fifty day simple moving average is $29.23 and its 200 day simple moving average is $33.35. PROS has a 1-year low of $23.51 and a 1-year high of $40.99. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -22.43 and a beta of 1.21.

PROS (NYSE:PRO) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.69 million for the quarter, compared to analyst estimates of $79.84 million. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts forecast that PROS will post -0.5 earnings per share for the current year.

Insider Activity at PROS

In other news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the transaction, the chief financial officer now owns 258,327 shares in the company, valued at $8,015,886.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Leland Jourdan sold 2,162 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $67,086.86. Following the completion of the sale, the director now owns 13,313 shares of the company’s stock, valued at $413,102.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the transaction, the chief financial officer now directly owns 258,327 shares in the company, valued at $8,015,886.81. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Institutional Trading of PROS

A number of institutional investors have recently bought and sold shares of PRO. Sheets Smith Wealth Management increased its holdings in shares of PROS by 4.8% during the fourth quarter. Sheets Smith Wealth Management now owns 7,095 shares of the software maker’s stock worth $275,000 after purchasing an additional 325 shares during the period. Parallel Advisors LLC increased its stake in PROS by 137.6% during the 4th quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock worth $27,000 after acquiring an additional 406 shares during the period. Principal Financial Group Inc. increased its stake in PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock worth $210,000 after acquiring an additional 484 shares during the period. ProShare Advisors LLC raised its holdings in PROS by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock valued at $292,000 after acquiring an additional 632 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PROS by 12.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,172 shares of the software maker’s stock valued at $356,000 after acquiring an additional 1,013 shares during the period. Institutional investors own 94.27% of the company’s stock.

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.