PROS (NYSE:PRO) Issues Q3 2024 Earnings Guidance

PROS (NYSE:PRO) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.080-0.100 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $81.5 million-$82.5 million, compared to the consensus revenue estimate of $85.1 million. PROS also updated its FY 2024 guidance to EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Craig Hallum lowered shares of PROS from a buy rating to a hold rating and decreased their price objective for the company from $40.00 to $32.00 in a research report on Tuesday, July 9th. Needham & Company LLC restated a buy rating and set a $40.00 price target on shares of PROS in a research note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, PROS presently has an average rating of Moderate Buy and a consensus target price of $40.50.

PROS Stock Up 0.8 %

Shares of NYSE:PRO traded up $0.20 during trading on Tuesday, hitting $25.51. The stock had a trading volume of 713,534 shares, compared to its average volume of 347,455. The stock has a 50-day simple moving average of $27.46 and a two-hundred day simple moving average of $32.27. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -24.25 and a beta of 1.21. PROS has a 12-month low of $23.29 and a 12-month high of $40.99.

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

Insider Buying and Selling at PROS

In related news, 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 sale, the chief financial officer now directly owns 258,327 shares of the company’s stock, valued at $8,015,886.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other PROS news, Director Leland Jourdan sold 2,162 shares of the company’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 transaction, the director now owns 13,313 shares in the company, valued at $413,102.39. The sale was disclosed in a legal filing 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 shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the sale, the chief financial officer now 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 corporate insiders.

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.