PROS (NYSE:PRO) Downgraded to "Neutral" Rating by Robert W. Baird

PROS (NYSE:PRO - Get Free Report) was downgraded by equities research analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating in a note issued to investors on Monday,Finviz reports. They currently have a $18.00 price target on the software maker's stock. Robert W. Baird's target price would indicate a potential upside of 14.43% from the stock's previous close.

PRO has been the subject of several other reports. Wall Street Zen downgraded PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Northland Securities set a $38.00 price target on PROS in a research note on Wednesday, May 28th. Stifel Nicolaus cut their price objective on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. KeyCorp decreased their target price 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of PROS in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, PROS currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

PROS Trading Down 13.1%

Shares of NYSE PRO opened at $15.73 on Monday. PROS has a 12-month low of $14.81 and a 12-month high of $29.84. The company has a market cap of $752.71 million, a price-to-earnings ratio of -35.75 and a beta of 1.03. The stock's 50 day simple moving average is $17.38 and its 200 day simple moving average is $21.01.

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

Hedge Funds Weigh In On PROS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in PROS by 5.5% during the first quarter. Rhumbline Advisers now owns 67,009 shares of the software maker's stock valued at $1,275,000 after buying an additional 3,472 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of PROS by 36.3% in the 1st quarter. Acadian Asset Management LLC now owns 312,513 shares of the software maker's stock valued at $5,937,000 after acquiring an additional 83,274 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in PROS by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,572 shares of the software maker's stock worth $2,294,000 after purchasing an additional 5,585 shares in the last quarter. Woodline Partners LP acquired a new stake in PROS during the 1st quarter valued at $282,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of PROS by 18.8% during the first quarter. Goldman Sachs Group Inc. now owns 750,616 shares of the software maker's stock valued at $14,284,000 after buying an additional 118,882 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

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.

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