PROS Holdings, Inc. $PRO Holdings Raised by EVR Research LP

Key Points

• EVR Research LP significantly increased its holdings in PROS Holdings, Inc. by 939.7%, acquiring an additional 657,822 shares, bringing its total to 727,822 shares.
• PROS Holdings reported earnings of $0.13 per share, exceeding analysts' expectations, with quarterly revenue up 8.2% year-over-year.
• The stock has seen varied ratings from analysts, including a shift to a "buy" from Wall Street Zen and a downgrade from Robert W. Baird, reflecting mixed sentiments on its future performance.

EVR Research LP increased its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 939.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 727,822 shares of the software maker's stock after acquiring an additional 657,822 shares during the quarter. PROS makes up approximately 3.9% of EVR Research LP's holdings, making the stock its 5th biggest holding. EVR Research LP owned approximately 1.52% of PROS worth $13,850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PROS during the fourth quarter worth approximately $30,000. Ancora Advisors LLC acquired a new position in shares of PROS in the 4th quarter valued at $33,000. Comerica Bank boosted its holdings in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after purchasing an additional 1,140 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of PROS by 2,716.9% in the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock valued at $41,000 after purchasing an additional 2,092 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker's stock valued at $127,000 after purchasing an additional 4,959 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PRO shares. Baird R W lowered shares of PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Robert W. Baird lowered shares of PROS from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $27.00 to $18.00 in a report on Monday, June 16th. Stifel Nicolaus decreased their price target on shares of PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Northland Securities set a $38.00 price target on shares of PROS in a report on Wednesday, May 28th. Finally, Wall Street Zen upgraded shares of PROS from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.86.

PROS Stock Up 1.1%

Shares of PRO stock traded up $0.18 during mid-day trading on Friday, reaching $15.50. The company's stock had a trading volume of 629,544 shares, compared to its average volume of 912,023. The company's 50 day simple moving average is $15.41 and its 200-day simple moving average is $17.90. PROS Holdings, Inc. has a 12-month low of $13.61 and a 12-month high of $29.84. The firm has a market capitalization of $745.51 million, a PE ratio of -70.44 and a beta of 1.08.

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