Assenagon Asset Management S.A. Lowers Holdings in PROS Holdings, Inc. $PRO

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in PROS Holdings by 74.8% during Q2, now holding approximately 95,024 shares valued at $1.49 million.
• Multiple hedge funds have shown varied movements with PROS, with Vanguard Group increasing its stake by 3.1% and other firms, like Goldman Sachs, also boosting holdings, demonstrating ongoing institutional interest.
• Recent analyst reports have downgraded PROS, with KeyCorp and Needham & Company LLC shifting their ratings to "hold," reflecting a cautious outlook amid a current consensus price target of $25.86.

Assenagon Asset Management S.A. trimmed its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 74.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,024 shares of the software maker's stock after selling 281,342 shares during the period. Assenagon Asset Management S.A. owned approximately 0.20% of PROS worth $1,488,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of PROS by 3.1% in the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker's stock valued at $111,269,000 after purchasing an additional 176,926 shares during the period. Nuveen LLC bought a new position in PROS during the 1st quarter worth approximately $23,893,000. Tensile Capital Management LP boosted its holdings in PROS by 0.7% in the first quarter. Tensile Capital Management LP now owns 1,012,362 shares of the software maker's stock worth $19,265,000 after purchasing an additional 6,749 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of PROS by 18.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 750,616 shares of the software maker's stock worth $14,284,000 after buying an additional 118,882 shares during the last quarter. Finally, EVR Research LP boosted its stake in PROS by 939.7% in the first quarter. EVR Research LP now owns 727,822 shares of the software maker's stock valued at $13,850,000 after acquiring an additional 657,822 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp cut shares of PROS from an "overweight" rating to a "sector weight" rating in a research report on Tuesday. Needham & Company LLC cut shares of PROS from a "buy" rating to a "hold" rating and set a $25.00 price objective on the stock. in a research note on Tuesday. Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Finally, Stifel Nicolaus reduced their price objective on shares of PROS from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, PROS presently has an average rating of "Hold" and a consensus price target of $25.86.

PROS Stock Up 0.0%

NYSE PRO opened at $22.94 on Friday. The stock has a market capitalization of $1.10 billion, a PE ratio of -104.25 and a beta of 1.02. PROS Holdings, Inc. has a 12-month low of $13.61 and a 12-month high of $29.84. The company has a 50 day moving average price of $16.06 and a two-hundred day moving average price of $16.90.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $88.72 million for the quarter, compared to the consensus estimate of $87.70 million. PROS's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.2 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.

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