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

Key Points

• PROS Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from nine brokerages covering the stock, with an average 12-month price target of $27.50.
• Recent price target adjustments include reductions by Robert W. Baird from $27.00 to $18.00 and by Stifel Nicolaus from $24.00 to $20.00, indicating mixed sentiments among analysts.
• PROS reported a 13 cents EPS for the last quarter, exceeding expectations, with revenue up 8.2% year-over-year, highlighting the company's improving financial performance.

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.50.

Several equities analysts recently issued reports on the company. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $27.00 to $18.00 in a report on Monday, June 16th. KeyCorp reduced their target price on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of PROS in a research note on Thursday, June 12th. Finally, Wall Street Zen upgraded PROS from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th.

PROS Price Performance

Shares of PRO traded down $0.61 during mid-day trading on Friday, reaching $14.39. The company's stock had a trading volume of 158,791 shares, compared to its average volume of 675,794. PROS has a 12-month low of $13.61 and a 12-month high of $29.84. The stock has a market cap of $692.11 million, a PE ratio of -65.45 and a beta of 1.08. The company's 50 day moving average is $15.85 and its 200 day moving average is $18.79.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share 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 analyst estimates of $87.70 million. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. As a group, sell-side analysts anticipate that PROS will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the fourth quarter worth $30,000. Ancora Advisors LLC acquired a new position in PROS during the fourth quarter worth $33,000. Quadrant Capital Group LLC increased its position in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after buying an additional 926 shares during the last quarter. Comerica Bank increased its position in PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after buying an additional 1,140 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after buying an additional 2,092 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.