PROS's (PRO) "Buy" Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of PROS (NYSE:PRO - Free Report) in a research report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $25.00 price objective on the software maker's stock.

PRO has been the subject of several other research reports. Stifel Nicolaus cut their price target on PROS from $30.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Northland Securities set a $38.00 price objective on shares of PROS in a report on Wednesday, May 28th. Robert W. Baird decreased their target price on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, KeyCorp reduced their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.13.

PROS Stock Performance

Shares of PRO traded down $1.00 during mid-day trading on Thursday, hitting $18.11. 640,303 shares of the company were exchanged, compared to its average volume of 554,663. The stock has a market cap of $866.60 million, a price-to-earnings ratio of -41.16 and a beta of 1.03. PROS has a 1-year low of $14.81 and a 1-year high of $29.84. The company has a 50 day moving average of $17.30 and a 200-day moving average of $21.13.

PROS (NYSE:PRO - Get Free Report) last released its earnings results 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 firm had revenue of $86.32 million during the quarter, compared to analysts' expectations of $85.69 million. The business's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. Research analysts anticipate that PROS will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of PROS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of PROS by 11.1% during the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after acquiring an additional 1,841 shares in the last quarter. Vanguard Group Inc. grew its holdings in PROS by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after purchasing an additional 172,997 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of PROS by 18.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock valued at $5,780,000 after buying an additional 41,111 shares in the last quarter. MetLife Investment Management LLC raised its position in PROS by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock worth $614,000 after acquiring an additional 1,438 shares during the last quarter. Finally, Comerica Bank raised 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 purchasing an additional 1,140 shares during the last quarter. 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.