PROS (NYSE:PRO) Shares Gap Up - Time to Buy?

Key Points

• PROS Holdings, Inc. shares surged, opening at $22.97 after a previous close of $16.41, with a trading volume of nearly 5 million shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for PROS, with target prices ranging from $18.00 to $38.00.
• The company reported earnings of $0.13 per share, exceeding expectations and marking an 8.2% increase in quarterly revenue year-over-year.

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $16.41, but opened at $22.97. PROS shares last traded at $22.97, with a volume of 4,946,295 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 target price on shares of PROS in a research note on Thursday, June 12th. Stifel Nicolaus dropped their price target on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Northland Securities set a $38.00 target price on PROS in a research report on Wednesday, May 28th. Wall Street Zen upgraded PROS from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $27.00 to $18.00 in a research report on Monday, June 16th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.86.

PROS Stock Up 39.8%

The business's 50 day moving average is $15.31 and its 200-day moving average is $16.79. The firm has a market capitalization of $1.10 billion, a P/E ratio of -104.39 and a beta of 1.02.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $88.72 million for the quarter, compared to analyst estimates of $87.70 million. During the same quarter in the prior year, the company posted $0.07 EPS. PROS's revenue for the quarter was up 8.2% on a year-over-year basis. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On PROS

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in shares of PROS by 36.3% during the 1st quarter. Acadian Asset Management LLC now owns 312,513 shares of the software maker's stock valued at $5,937,000 after purchasing an additional 83,274 shares in the last quarter. Kopion Asset Management LLC boosted its stake in shares of PROS by 62.3% during the 2nd quarter. Kopion Asset Management LLC now owns 644,440 shares of the software maker's stock valued at $10,092,000 after purchasing an additional 247,381 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock valued at $41,000 after purchasing an additional 2,092 shares in the last quarter. Mackenzie Financial Corp purchased a new position in PROS during the 1st quarter valued at about $594,000. Finally, Teacher Retirement System of Texas purchased a new position in PROS during the 1st quarter valued at about $419,000. Institutional investors own 94.27% of the company's stock.

About PROS

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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