PROS (NYSE:PRO) Trading Down 3.8% - Time to Sell?

PROS Holdings, Inc. (NYSE:PRO - Get Free Report)'s stock price was down 3.8% during mid-day trading on Thursday . The stock traded as low as $18.25 and last traded at $18.39. Approximately 69,865 shares were traded during trading, a decline of 86% from the average daily volume of 498,890 shares. The stock had previously closed at $19.11.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PRO. Stifel Nicolaus decreased their target price on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price target on shares of PROS in a research note on Thursday. Northland Securities set a $38.00 price objective on shares of PROS in a research report on Wednesday, May 28th. Finally, KeyCorp dropped their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

PROS Trading Down 7.6%

The company has a market cap of $800.28 million, a P/E ratio of -38.02 and a beta of 1.03. The company's fifty day moving average is $17.37 and its 200 day moving average is $21.09.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to the consensus estimate of $85.69 million. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. Analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS during the 4th quarter valued at approximately $30,000. Ancora Advisors LLC purchased a new stake in PROS in the fourth quarter worth $33,000. Quadrant Capital Group LLC raised its holdings in 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 in the last quarter. Comerica Bank lifted its position in PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after buying an additional 1,140 shares during the period. Finally, GAMMA Investing LLC boosted its holdings 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 buying an additional 2,092 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.