PROS (NYSE:PRO) Downgraded to Hold Rating by Baird R W

PROS (NYSE:PRO - Get Free Report) was downgraded by investment analysts at Baird R W from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

PRO has been the subject of several other research reports. KeyCorp dropped their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. 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 report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $25.00 target price on shares of PROS in a research note on Thursday, June 12th. Northland Securities set a $38.00 target price on shares of PROS in a research note on Wednesday, May 28th. Finally, Robert W. Baird downgraded 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.00.

PROS Trading Down 1.8%

Shares of NYSE:PRO traded down $0.28 during midday trading on Monday, reaching $14.94. The company had a trading volume of 181,814 shares, compared to its average volume of 570,437. The company's 50 day moving average price is $17.38 and its 200 day moving average price is $20.95. PROS has a 52-week low of $14.64 and a 52-week high of $29.84. The stock has a market cap of $715.00 million, a P/E ratio of -33.93 and a beta of 1.03.

PROS (NYSE:PRO - Get Free Report) last released 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 firm had revenue of $86.32 million for the quarter, compared to analysts' expectations of $85.69 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that PROS will post -0.2 EPS for the current fiscal year.

Institutional Trading of PROS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS during the fourth quarter valued at $30,000. Ancora Advisors LLC bought a new stake in shares of PROS during the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC lifted its holdings in shares of PROS by 153.3% in the 4th 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 period. Comerica Bank lifted its stake in PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after acquiring an additional 1,140 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of PROS by 2,716.9% during 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 in the last quarter. 94.27% of the stock is currently 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.

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