PROS Holdings, Inc. (NYSE:PRO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of PROS Holdings, Inc. (NYSE:PRO) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $34.86.

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of PROS in a report on Monday, September 9th. StockNews.com downgraded shares of PROS from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. KeyCorp lowered their target price on shares of PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Oppenheimer cut their price target on shares of PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Bank of America decreased their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS in the 2nd quarter valued at about $29,000. Quarry LP acquired a new stake in PROS during the 2nd quarter worth $38,000. Principal Financial Group Inc. raised its position in shares of PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after acquiring an additional 484 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of PROS in the 2nd quarter valued at $210,000. Finally, ProShare Advisors LLC boosted its position in shares of PROS by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock worth $292,000 after purchasing an additional 632 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Price Performance

NYSE:PRO opened at $18.65 on Monday. PROS has a one year low of $16.64 and a one year high of $40.99. The company has a fifty day moving average price of $18.67 and a 200 day moving average price of $26.01. The stock has a market cap of $876.62 million, a P/E ratio of -17.76 and a beta of 1.21.

PROS (NYSE:PRO) last released its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. During the same quarter in the previous year, the business posted ($0.24) EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that PROS will post -0.43 EPS for the current year.

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.