PROS (NYSE:PRO) Downgraded by Needham & Company LLC to "Hold"

Key Points

• Needham & Company LLC has restated a "hold" rating for PROS (NYSE:PRO) and set a price target of $25.00, indicating an 8.82% potential upside from the current price.
• PROS reported a quarterly earnings per share (EPS) of $0.13, surpassing analyst estimates, with a revenue of $88.72 million, which is an 8.2% increase compared to the same quarter last year.
• The stock has seen a significant increase of 40.0% recently, with a market cap of $1.11 billion and currently has a consensus rating of "Moderate Buy" from analysts.

PROS (NYSE:PRO - Get Free Report) was downgraded by research analysts at Needham & Company LLC from a "buy" rating to a "hold" rating in a report released on Tuesday, MarketBeat.com reports. They currently have a $25.00 price objective on the software maker's stock. Needham & Company LLC's price objective suggests a potential upside of 8.82% from the company's previous close.

A number of other research firms also recently weighed in on PRO. Stifel Nicolaus reduced their price target on shares of PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Northland Securities set a $38.00 price objective on PROS in a research note on Wednesday, May 28th. Wall Street Zen upgraded shares of PROS from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $27.00 to $18.00 in a research report on Monday, June 16th. Finally, Baird R W downgraded PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.86.

PROS Stock Up 40.0%

PRO opened at $22.97 on Tuesday. PROS has a twelve month low of $13.61 and a twelve month high of $29.84. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -104.42 and a beta of 1.02. The company has a 50-day simple moving average of $15.46 and a 200 day simple moving average of $16.79.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. The firm had revenue of $88.72 million for the quarter, compared to the consensus estimate of $87.70 million. The business's revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts anticipate that PROS will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in PROS by 2,716.9% in the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after acquiring an additional 2,092 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of PROS during the 2nd quarter worth approximately $70,000. Tower Research Capital LLC TRC raised its holdings in shares of PROS by 319.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,851 shares of the software maker's stock worth $107,000 after purchasing an additional 5,217 shares during the period. CWM LLC lifted its stake in PROS by 153.6% in the first quarter. CWM LLC now owns 7,666 shares of the software maker's stock valued at $146,000 after purchasing an additional 4,643 shares during the last quarter. Finally, State of Wyoming grew its holdings in PROS by 226.5% during the fourth quarter. State of Wyoming now owns 6,850 shares of the software maker's stock valued at $150,000 after purchasing an additional 4,752 shares during the period. 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.