PROS Holdings, Inc. (NYSE:PRO - Get Free Report) was down 2.6% during trading on Wednesday . The stock traded as low as $14.16 and last traded at $14.18. Approximately 74,835 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 574,696 shares. The stock had previously closed at $14.55.
Analyst Upgrades and Downgrades
A number of research firms recently commented on PRO. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $27.00 to $18.00 in a report on Monday. Wall Street Zen cut PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Baird R W downgraded PROS from a "strong-buy" rating to a "hold" rating in a report on Monday. Northland Securities set a $38.00 price target on shares of PROS in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus dropped their price objective on shares of PROS from $30.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, PROS currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.
Get Our Latest Research Report on PRO
PROS Stock Performance
The company has a market capitalization of $690.57 million, a P/E ratio of -51.32 and a beta of 1.03. The stock's 50 day moving average price is $17.33 and its 200 day moving average price is $20.91.
PROS (NYSE:PRO - Get Free Report) last announced its quarterly 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 business had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. PROS's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. On average, analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.
Institutional Trading of PROS
Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS during the 4th quarter valued at about $30,000. Ancora Advisors LLC purchased a new stake in shares of PROS during the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC grew its holdings in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after purchasing an additional 926 shares during the last quarter. Comerica Bank increased its stake in shares of PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after buying an additional 1,140 shares during the period. Finally, GAMMA Investing LLC raised 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 valued at $41,000 after buying an additional 2,092 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.
PROS Company Profile
(
Get Free Report)
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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