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

Shares of PROS Holdings, Inc. (NYSE:PRO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.13.

Several brokerages recently weighed in on PRO. Robert W. Baird decreased their price target on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC decreased their price objective on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Friday. Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. StockNews.com raised shares of PROS from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 29th. Finally, KeyCorp reduced their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday.

PROS Stock Down 0.7 %

Shares of NYSE PRO traded down $0.11 during mid-day trading on Friday, reaching $16.32. 654,498 shares of the company were exchanged, compared to its average volume of 494,670. The firm has a 50-day moving average of $19.21 and a 200 day moving average of $21.77. PROS has a 1 year low of $14.81 and a 1 year high of $33.49. The stock has a market cap of $779.90 million, a price-to-earnings ratio of -37.08 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to analyst estimates of $85.69 million. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. On average, equities analysts forecast that PROS will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its holdings in shares of PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after buying an additional 926 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of PROS by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after buying an additional 1,080 shares during the last quarter. Comerica Bank raised its position in shares of 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. Swiss National Bank lifted its position in shares of PROS by 1.7% during the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the fourth quarter worth about $30,000. 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.