PROS (NYSE:PRO) Sets New 52-Week Low - Here's Why

Shares of PROS Holdings, Inc. (NYSE:PRO - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.61 and last traded at $13.97, with a volume of 32180 shares. The stock had previously closed at $13.98.

Wall Street Analyst Weigh In

Several analysts have issued reports on PRO shares. Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of PROS in a research report on Thursday, June 12th. Northland Securities set a $38.00 price objective on PROS in a report on Wednesday, May 28th. Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 16th. Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $27.00 to $18.00 in a research note on Monday, June 16th. Finally, Wall Street Zen lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.00.

PROS Trading Up 2.2%

The firm has a fifty day moving average price of $17.07 and a 200 day moving average price of $20.46. The firm has a market capitalization of $732.39 million, a price-to-earnings ratio of -54.66 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. As a group, equities analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS during the fourth quarter valued at $30,000. Ancora Advisors LLC acquired a new position in PROS during the 4th quarter valued at about $33,000. Quadrant Capital Group LLC boosted its stake 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 valued at $34,000 after purchasing an additional 926 shares during the last quarter. Comerica Bank grew its position in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after buying an additional 1,140 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in 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 buying an additional 2,092 shares during the period. Institutional investors and hedge funds 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.