PROS Holdings, Inc. (NYSE:PRO) Receives Average Rating of "Moderate Buy" from Analysts

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.00.

PRO has been the topic of a number of recent analyst reports. Wall Street Zen cut PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Northland Securities set a $38.00 target price on PROS in a report on Wednesday, May 28th. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 target price on shares of PROS in a report on Thursday, June 12th.

PROS Stock Down 2.8%

NYSE:PRO opened at $14.00 on Friday. The business's 50-day simple moving average is $17.18 and its two-hundred day simple moving average is $20.74. The stock has a market cap of $670.04 million, a PE ratio of -50.01 and a beta of 1.03. PROS has a 52 week low of $13.93 and a 52 week high of $29.84.

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

Institutional Trading of PROS

A number of large investors have recently modified their holdings of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the fourth quarter valued at approximately $30,000. Ancora Advisors LLC purchased a new stake in shares of PROS in the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC boosted its holdings in shares of PROS by 153.3% in the fourth 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 during the period. Comerica Bank boosted its holdings 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. Finally, GAMMA Investing LLC boosted its holdings in shares of 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. Hedge funds and other institutional investors own 94.27% of the company's stock.

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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