PROS Holdings, Inc. (NYSE:PRO) Given Average Recommendation of "Moderate Buy" by Analysts

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.50.

PRO has been the subject of a number of research reports. Northland Securities set a $38.00 target price on PROS in a research note on Wednesday, May 28th. Wall Street Zen upgraded PROS from a "hold" rating to a "buy" rating in a research note on Sunday. Robert W. Baird lowered PROS from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $27.00 to $18.00 in a research note on Monday, June 16th. KeyCorp lowered their target price on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of PROS in a research report on Thursday, June 12th.

Hedge Funds Weigh In On PROS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS during the 4th quarter valued at about $30,000. Ancora Advisors LLC bought a new position in shares of PROS during the 4th quarter valued at about $33,000. Quadrant Capital Group LLC lifted its holdings in shares of PROS by 153.3% during 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 lifted its holdings in shares of PROS by 264.5% during 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of PROS by 2,716.9% during 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 in the last quarter. Institutional investors own 94.27% of the company's stock.

PROS Price Performance

PROS stock opened at $15.11 on Wednesday. The stock has a fifty day moving average price of $16.87 and a two-hundred day moving average price of $19.79. PROS has a 52-week low of $13.61 and a 52-week high of $29.84. The firm has a market capitalization of $723.01 million, a P/E ratio of -53.96 and a beta of 0.98.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The business's revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that PROS will post -0.2 EPS for the current fiscal year.

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.

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