PROS (NYSE:PRO) Reaches New 12-Month Low - Time to Sell?

PROS Holdings, Inc. (NYSE:PRO - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.88 and last traded at $17.03, with a volume of 551571 shares trading hands. The stock had previously closed at $17.75.

Analysts Set New Price Targets

A number of brokerages have issued reports on PRO. Robert W. Baird decreased their price target on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. StockNews.com upgraded shares of PROS from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 29th. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Friday. Finally, Needham & Company LLC lowered their price target on shares of PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, PROS currently has an average rating of "Buy" and a consensus price target of $29.13.

PROS Price Performance

The firm has a fifty day simple moving average of $19.21 and a 200 day simple moving average of $21.75. The company has a market cap of $786.74 million, a price-to-earnings ratio of -37.41 and a beta of 1.04.

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, beating 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 firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 earnings per share. Analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Scott William Cook sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is owned by company insiders.

Institutional Trading of PROS

A number of large investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of PROS by 345.4% in the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after purchasing an additional 184,856 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock valued at $7,360,000 after purchasing an additional 338,158 shares in the last quarter. US Bancorp DE raised its position in PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after purchasing an additional 1,841 shares during the last quarter. Vanguard Group Inc. lifted its holdings in PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock worth $124,516,000 after buying an additional 172,997 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of PROS by 28.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock valued at $314,000 after acquiring an additional 3,148 shares during the period. 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.