PROS (NYSE:PRO) Reaches New 12-Month Low - Here's What Happened

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.61 and last traded at $15.02, with a volume of 69171 shares changing hands. The stock had previously closed at $15.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Northland Securities set a $38.00 price objective on PROS in a report on Wednesday, May 28th. Stifel Nicolaus cut their price objective on PROS from $30.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen cut PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. KeyCorp dropped their price target on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of PROS in a research note on Thursday, June 12th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

PROS Stock Performance

The stock has a market capitalization of $718.40 million, a P/E ratio of -34.30 and a beta of 1.03. The stock has a 50-day moving average price of $17.38 and a two-hundred day moving average price of $20.95.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $85.69 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that PROS Holdings, Inc. 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 added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after buying an additional 926 shares during the last quarter. Franklin Resources Inc. increased its holdings in PROS by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after purchasing an additional 1,080 shares during the period. Comerica Bank grew its holdings in shares of PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after purchasing an additional 1,140 shares during the last quarter. Swiss National Bank grew its stake in PROS by 1.7% during the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after buying an additional 1,300 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the fourth quarter valued at approximately $30,000. 94.27% of the stock is 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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