PROS (NYSE:PRO) Upgraded at Wall Street Zen

PROS (NYSE:PRO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also issued reports on PRO. Stifel Nicolaus dropped their price target on shares of PROS from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of PROS in a research note on Thursday, June 12th. Baird R W lowered shares of PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. KeyCorp dropped their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Northland Securities set a $38.00 price target on shares of PROS in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.50.

PROS Trading Down 2.2%

NYSE PRO opened at $15.92 on Friday. The company's fifty day simple moving average is $16.91 and its 200-day simple moving average is $19.89. PROS has a 52 week low of $13.61 and a 52 week high of $29.84. The stock has a market cap of $761.53 million, a P/E ratio of -56.84 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 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that PROS will post -0.2 EPS for the current fiscal year.

Institutional Trading of PROS

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of PROS by 3.1% during the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker's stock worth $111,269,000 after acquiring an additional 176,926 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after purchasing an additional 1,345,256 shares during the period. Nuveen Asset Management LLC lifted its holdings in PROS by 340.3% in the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock worth $30,378,000 after purchasing an additional 1,069,141 shares during the period. Nuveen LLC acquired a new stake in PROS in the first quarter worth about $23,893,000. Finally, Tensile Capital Management LP lifted its holdings in PROS by 0.7% in the first quarter. Tensile Capital Management LP now owns 1,012,362 shares of the software maker's stock worth $19,265,000 after purchasing an additional 6,749 shares during the period. 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.

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