PharVision Advisers LLC Buys Shares of 24,573 PROS Holdings, Inc. (NYSE:PRO)

PharVision Advisers LLC purchased a new position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,573 shares of the software maker's stock, valued at approximately $540,000. PharVision Advisers LLC owned approximately 0.05% of PROS as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in PRO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the fourth quarter worth about $30,000. Ancora Advisors LLC purchased a new position in shares of PROS in the 4th quarter valued at about $33,000. Quadrant Capital Group LLC increased its stake in shares of PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after purchasing an additional 926 shares in the last quarter. Comerica Bank raised its holdings in PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after purchasing an additional 1,140 shares during the period. Finally, Quarry LP boosted its position in PROS by 587.6% during the fourth quarter. Quarry LP now owns 5,803 shares of the software maker's stock worth $127,000 after purchasing an additional 4,959 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Trading Down 2.5%

PRO traded down $0.42 on Monday, hitting $16.83. 410,140 shares of the company's stock were exchanged, compared to its average volume of 543,798. PROS Holdings, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $32.87. The stock has a market cap of $805.16 million, a price-to-earnings ratio of -38.24 and a beta of 1.06. The firm has a 50-day moving average price of $17.69 and a 200-day moving average price of $21.51.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million for the quarter, compared to analysts' expectations of $85.69 million. During the same period in the prior year, the company posted $0.04 EPS. The firm's revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

PRO has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. KeyCorp cut their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Needham & Company LLC decreased their price objective on shares of PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus cut their target price on shares of PROS from $30.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.13.

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.