PROS (NYSE:PRO) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• PROS Holdings, Inc. experienced a significant increase in trading volume, with approximately 3.3 million shares traded on Tuesday, marking a 266% rise from the previous session.
• Wall Street analysts have mixed views on PRO shares, with recent ratings ranging from a downgrade to "hold" by Northland Capital to an upgrade to "buy" by Wall Street Zen.
• The company reported earnings per share (EPS) of $0.13 for the last quarter, outperforming expectations, and has set a fiscal year 2025 EPS guidance of 0.150-0.17.

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 3,303,961 shares changed hands during trading, an increase of 266% from the previous session's volume of 902,117 shares.The stock last traded at $22.97 and had previously closed at $22.94.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PRO shares. Northland Capmk cut shares of PROS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. Stifel Nicolaus decreased their price objective on shares of PROS from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Baird R W cut shares of PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $27.00 to $18.00 in a report on Monday, June 16th. Finally, Wall Street Zen upgraded shares of PROS from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $23.75.

PROS Stock Up 0.0%

The company has a market cap of $1.10 billion, a PE ratio of -104.30 and a beta of 1.05. The stock's 50 day moving average is $17.63 and its 200-day moving average is $17.01.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. The business had revenue of $88.72 million for the quarter, compared to analysts' expectations of $87.70 million. During the same period in the previous year, the company earned $0.07 EPS. PROS's revenue for the quarter was up 8.2% compared to the same quarter last year. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey grew its holdings in PROS by 16.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,857 shares of the software maker's stock worth $170,000 after acquiring an additional 1,508 shares in the last quarter. GAMMA Investing LLC grew its holdings in PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after acquiring an additional 2,092 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PROS by 26.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,789 shares of the software maker's stock worth $243,000 after acquiring an additional 2,701 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in PROS by 39.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the software maker's stock worth $155,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in PROS by 5.5% during the 1st quarter. Rhumbline Advisers now owns 67,009 shares of the software maker's stock worth $1,275,000 after acquiring an additional 3,472 shares in the last quarter. 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.

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