PROS (NYSE:PRO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

PROS Holdings, Inc. (NYSE:PRO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.56 and traded as high as $25.36. PROS shares last traded at $25.04, with a volume of 282,825 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, October 30th. Northland Securities restated an “outperform” rating and set a $38.00 price target (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Finally, Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PROS has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

PROS Stock Performance

The business has a 50-day simple moving average of $23.86 and a 200-day simple moving average of $21.56. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -56.92 and a beta of 1.22.

PROS (NYSE:PRO) last issued its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). Research analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Insider Transactions at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

Several hedge funds and other institutional investors have recently made changes to their positions in PRO. Creative Planning purchased a new position in PROS in the third quarter valued at approximately $249,000. Hennion & Walsh Asset Management Inc. grew its position in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in PROS by 218.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock worth $7,742,000 after acquiring an additional 286,825 shares in the last quarter. US Bancorp DE lifted its position in PROS by 136.9% in the third quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock valued at $309,000 after acquiring an additional 9,627 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in PROS by 29.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock valued at $221,000 after acquiring an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.