PROS Holdings, Inc. $PRO Shares Purchased by State of Wyoming

Key Points

• The State of Wyoming increased its stake in PROS Holdings, Inc. by 246.7% during the first quarter, owning a total of 23,747 shares valued at $452,000.
• Recently, Northland Securities set a new price target of $38.00 for PROS, while Robert W. Baird lowered its price objective from $27.00 to $18.00.
• PROS reported a quarterly earnings per share (EPS) of $0.13, surpassing analysts' expectations of $0.06, with a year-over-year revenue increase of 8.2%.

State of Wyoming increased its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 246.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,747 shares of the software maker's stock after acquiring an additional 16,897 shares during the quarter. State of Wyoming's holdings in PROS were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PROS during the 4th quarter worth $30,000. Ancora Advisors LLC acquired a new position in PROS in the fourth quarter valued at $33,000. Comerica Bank increased its stake in PROS by 264.5% in the fourth 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 period. GAMMA Investing LLC increased its stake in PROS by 2,716.9% in the first 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 period. Finally, Point72 Hong Kong Ltd acquired a new position in PROS in the fourth quarter valued at $130,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

PROS Stock Up 1.1%

Shares of NYSE:PRO opened at $15.50 on Friday. The company has a market cap of $745.51 million, a price-to-earnings ratio of -70.44 and a beta of 1.08. The firm's 50-day simple moving average is $15.41 and its 200-day simple moving average is $17.90. PROS Holdings, Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $29.84.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. The company had revenue of $88.72 million for the quarter, compared to analysts' expectations of $87.70 million. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, research analysts forecast 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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