Wall Street Zen Downgrades PROS (NYSE:PRO) to Hold

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 research note issued to investors on Saturday.

A number of other equities analysts have also weighed in on the company. Baird R W lowered PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. Northland Securities set a $38.00 price objective on PROS in a research report on Wednesday, May 28th. Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of PROS in a report on Thursday, June 12th. KeyCorp reduced their target price on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Robert W. Baird lowered shares of PROS from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $27.00 to $18.00 in a research report on Monday, June 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $27.50.

PROS Price Performance

PROS stock traded up $0.18 during mid-day trading on Friday, hitting $16.54. 660,326 shares of the company's stock traded hands, compared to its average volume of 614,440. The firm has a 50 day simple moving average of $16.94 and a two-hundred day simple moving average of $20.02. PROS has a fifty-two week low of $13.61 and a fifty-two week high of $29.84. The stock has a market cap of $791.44 million, a price-to-earnings ratio of -59.07 and a beta of 0.98.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. During the same quarter in the prior year, the business posted $0.04 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that PROS will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS in the 4th quarter valued at about $30,000. Ancora Advisors LLC acquired a new stake in shares of PROS during the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC increased its stake in PROS by 153.3% in 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 during the last quarter. Comerica Bank raised 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 purchasing an additional 1,140 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after purchasing an additional 2,092 shares during the last quarter. 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.