PROS (NYSE:PRO) Reaches New 52-Week Low - Time to Sell?

PROS Holdings, Inc. (NYSE:PRO - Get Free Report)'s share price 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 traded. The stock had previously closed at $15.22.

Analyst Upgrades and Downgrades

PRO has been the topic of a number of analyst reports. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $27.00 to $18.00 in a research report on Monday. Northland Securities set a $38.00 price objective on shares of PROS in a report on Wednesday, May 28th. Wall Street Zen cut shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus decreased their price target on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PROS has an average rating of "Moderate Buy" and a consensus target price of $28.00.

PROS Stock Performance

The firm's 50-day moving average is $17.23 and its two-hundred day moving average is $20.80. The stock has a market cap of $670.04 million, a P/E ratio of -50.01 and a beta of 1.03.

PROS (NYSE:PRO - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) 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. During the same period last year, the business posted $0.04 EPS. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On PROS

A number of institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its holdings in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after buying an additional 926 shares during the last quarter. Franklin Resources Inc. grew its stake in PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after acquiring an additional 1,080 shares during the period. Comerica Bank grew its stake in PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after acquiring an additional 1,140 shares during the period. Swiss National Bank raised its position in shares of PROS by 1.7% during the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after purchasing an additional 1,300 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS during the 4th quarter valued at about $30,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.