PROS (NYSE:PRO) Rating Lowered to "Hold" at Wall Street Zen

PROS (NYSE:PRO - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Other analysts have also issued reports about the stock. KeyCorp lowered 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. Stifel Nicolaus lowered their price objective on shares of 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 target price on shares of PROS in a report on Wednesday, May 28th. Robert W. Baird lowered shares of PROS from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $27.00 to $18.00 in a report on Monday, June 16th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $25.00 target price on shares of PROS in a report on Thursday, June 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

PROS Price Performance

PRO traded up $0.41 on Friday, hitting $16.61. The company had a trading volume of 470,257 shares, compared to its average volume of 611,146. PROS has a 52-week low of $13.61 and a 52-week high of $29.84. The stock has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $20.12. The firm has a market capitalization of $794.79 million, a P/E ratio of -59.32 and a beta of 0.98.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to analysts' expectations of $85.69 million. During the same quarter last year, the business earned $0.04 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that PROS will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PROS

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after acquiring an additional 926 shares in the last quarter. Franklin Resources Inc. increased its position in shares of PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after acquiring an additional 1,080 shares in the last quarter. Comerica Bank increased its position in shares of 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 acquiring an additional 1,140 shares in the last quarter. Swiss National Bank increased its position in shares of PROS by 1.7% during the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS during the fourth quarter valued at approximately $30,000. Institutional investors 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.