PROS (NYSE:PRO) Rating Reiterated by Needham & Company LLC

PROS (NYSE:PRO - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports. They presently have a $40.00 target price on the software maker's stock. Needham & Company LLC's price objective indicates a potential upside of 30.80% from the stock's previous close.

Separately, KeyCorp raised shares of PROS from a "sector weight" rating to an "overweight" rating and set a $43.00 price objective on the stock in a research report on Friday, January 12th.

PROS Stock Down 7.2 %

Shares of NYSE:PRO traded down $2.39 during trading on Wednesday, reaching $30.58. 556,184 shares of the company traded hands, compared to its average volume of 308,691. PROS has a 1-year low of $24.61 and a 1-year high of $40.99. The firm has a market cap of $1.44 billion, a P/E ratio of -25.07 and a beta of 1.18. The firm has a fifty day simple moving average of $35.03 and a 200 day simple moving average of $35.69.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The firm had revenue of $80.69 million for the quarter, compared to analyst estimates of $79.84 million. During the same period in the previous year, the business posted ($0.28) EPS. PROS's revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts anticipate that PROS will post -0.54 EPS for the current year.

Insider Transactions at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.92, for a total value of $215,520.00. Following the transaction, the chief financial officer now directly owns 260,223 shares of the company's stock, valued at approximately $9,347,210.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of PROS

Several large investors have recently modified their holdings of PRO. Sheets Smith Wealth Management boosted its holdings in PROS by 4.8% during the fourth quarter. Sheets Smith Wealth Management now owns 7,095 shares of the software maker's stock valued at $275,000 after acquiring an additional 325 shares during the period. Parallel Advisors LLC lifted its position in shares of PROS by 137.6% during the 4th quarter. Parallel Advisors LLC now owns 701 shares of the software maker's stock worth $27,000 after purchasing an additional 406 shares during the last quarter. Principal Financial Group Inc. boosted its stake in PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker's stock valued at $210,000 after purchasing an additional 484 shares during the period. ProShare Advisors LLC grew its holdings in PROS by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker's stock valued at $292,000 after buying an additional 632 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in PROS by 12.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,172 shares of the software maker's stock worth $356,000 after buying an additional 1,013 shares during the period. 94.27% of the stock is owned by institutional investors.

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.