PROS (NYSE:PRO) Trading 3.8% Higher - Time to Buy?

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) shares traded up 3.8% during trading on Wednesday . The stock traded as high as $18.00 and last traded at $17.91. 226,838 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 542,079 shares. The stock had previously closed at $17.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird cut their price target on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Northland Securities set a $38.00 target price on PROS in a research note on Wednesday. Needham & Company LLC cut their target price on PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, KeyCorp cut their target price on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.13.

PROS Trading Down 2.2%

The company has a market cap of $843.15 million, a P/E ratio of -40.05 and a beta of 1.06. The business's fifty day moving average is $17.35 and its 200 day moving average is $21.35.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same period last year, the firm posted $0.04 EPS. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PRO. Barclays PLC grew its position in PROS by 345.4% in the third quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after acquiring an additional 184,856 shares in the last quarter. Stephens Inc. AR grew its position in PROS by 14.1% in the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after acquiring an additional 1,556 shares in the last quarter. Rice Hall James & Associates LLC grew its position in PROS by 18.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock worth $5,780,000 after acquiring an additional 41,111 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in PROS by 6.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker's stock worth $872,000 after acquiring an additional 2,254 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in PROS during the fourth quarter valued at about $497,000. 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.