PROS (NYSE:PRO) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a report published on Friday morning.

A number of other analysts also recently issued reports on PRO. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, October 30th. Stifel Nicolaus cut their target price on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Bank of America decreased their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Robert W. Baird cut their price objective on PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Northland Securities restated an “outperform” rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Trading Down 3.4 %

NYSE PRO traded down $0.78 on Friday, reaching $22.48. 587,180 shares of the company were exchanged, compared to its average volume of 465,321. The business’s fifty day moving average price is $18.87 and its 200 day moving average price is $23.95. The stock has a market capitalization of $1.06 billion, a P/E ratio of -36.26 and a beta of 1.20. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same period in the previous year, the firm posted ($0.17) EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that PROS will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On PROS

Several institutional investors have recently bought and sold shares of PRO. Vanguard Group Inc. increased its position in shares of PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after acquiring an additional 144,729 shares during the period. RGM Capital LLC increased its holdings in PROS by 5.9% during the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after purchasing an additional 166,301 shares during the period. Fred Alger Management LLC raised its position in PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after purchasing an additional 373,982 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of PROS by 7.9% in the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after buying an additional 54,607 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of PROS by 21.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after buying an additional 84,591 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.