PROS Holdings, Inc. (NYSE:PRO) Receives $29.13 Average PT from Analysts

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $29.13.

Several equities analysts have weighed in on the company. Wall Street Zen cut PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Stifel Nicolaus dropped their target price on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird reduced their target price on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC dropped their price target on shares of PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Northland Securities set a $38.00 target price on PROS in a research report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS during the 4th quarter worth $30,000. Ancora Advisors LLC purchased a new position in PROS in the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC grew its stake in 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 increased its holdings in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after acquiring an additional 1,140 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake 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. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Stock Down 0.4%

Shares of PRO traded down $0.07 during mid-day trading on Tuesday, hitting $17.94. 172,235 shares of the company's stock were exchanged, compared to its average volume of 542,492. The firm has a market cap of $858.42 million, a price-to-earnings ratio of -40.80 and a beta of 1.06. PROS has a 52 week low of $14.81 and a 52 week high of $30.67. The stock's 50-day simple moving average is $17.42 and its 200-day simple moving average is $21.39.

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