PROS (NYSE:PRO) Trading Down 5.8% - Time to Sell?

Key Points

• PROS Holdings, Inc. experienced a 5.8% decline in share price, dropping to $14.58, following a significant decrease in trading volume compared to average session levels.
• Analysts have revised their price targets for PROS, with predictions ranging from $18.00 to $38.00, while the stock currently holds an average rating of "Moderate Buy."
• Institutional investors own 94.27% of PROS stock, with notable increases in holdings by large firms like Nuveen and Westerly Capital Management.

PROS Holdings, Inc. (NYSE:PRO - Get Free Report)'s share price traded down 5.8% during trading on Friday . The stock traded as low as $14.59 and last traded at $14.58. 284,549 shares traded hands during trading, a decline of 58% from the average session volume of 679,681 shares. The stock had previously closed at $15.48.

Analysts Set New Price Targets

PRO has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price objective on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Northland Securities set a $38.00 price objective on PROS in a research report on Wednesday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of PROS in a research report on Thursday, June 12th. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $27.00 to $18.00 in a research report on Monday, June 16th. Finally, Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 16th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.86.

PROS Stock Down 5.7%

The business's fifty day moving average is $15.41 and its two-hundred day moving average is $17.26. The stock has a market capitalization of $702.44 million, a PE ratio of -66.36 and a beta of 1.02.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. The business had revenue of $88.72 million during the quarter, compared to analysts' expectations of $87.70 million. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Large investors have recently modified their holdings of the stock. Nuveen LLC bought a new position in PROS during the 1st quarter valued at about $23,893,000. Nuveen Asset Management LLC grew its holdings in PROS by 340.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock valued at $30,378,000 after purchasing an additional 1,069,141 shares during the last quarter. Westerly Capital Management LLC grew its holdings in PROS by 244.5% during the 2nd quarter. Westerly Capital Management LLC now owns 999,000 shares of the software maker's stock valued at $15,644,000 after purchasing an additional 709,000 shares during the last quarter. EVR Research LP grew its holdings in PROS by 939.7% during the 1st quarter. EVR Research LP now owns 727,822 shares of the software maker's stock valued at $13,850,000 after purchasing an additional 657,822 shares during the last quarter. Finally, Wasatch Advisors LP bought a new position in PROS during the 2nd quarter valued at about $9,716,000. 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.

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