PROS (NYSE:PRO) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research report report published on Saturday.

PRO has been the topic of a number of other research reports. Oppenheimer lowered their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Stifel Nicolaus lowered their price objective on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Needham & Company LLC cut their target price on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America lowered their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Northland Securities reissued an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $31.63.

PROS Stock Up 2.4 %

PROS stock opened at $22.15 on Friday. PROS has a 12 month low of $16.64 and a 12 month high of $40.99. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -35.73 and a beta of 1.20. The business has a 50 day moving average price of $19.51 and a two-hundred day moving average price of $23.27.

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

Institutional Trading of PROS

Several large investors have recently made changes to their positions in PRO. Barclays PLC lifted its position in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after buying an additional 184,856 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of PROS during the third quarter worth approximately $694,000. K2 Principal Fund L.P. grew its stake in shares of PROS by 29.5% during the third quarter. K2 Principal Fund L.P. now owns 68,000 shares of the software maker’s stock valued at $1,259,000 after purchasing an additional 15,482 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of PROS in the third quarter valued at approximately $571,000. Finally, Tensile Capital Management LP lifted its holdings in PROS by 373.4% during the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after buying an additional 915,990 shares in the last quarter. 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.