SG Capital Management LLC Buys New Position in PROS Holdings, Inc. (NYSE:PRO)

SG Capital Management LLC bought a new position in PROS Holdings, Inc. (NYSE:PRO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 97,621 shares of the software maker's stock, valued at approximately $2,144,000. SG Capital Management LLC owned 0.21% of PROS at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the 4th quarter worth about $30,000. Ancora Advisors LLC bought a new position in shares of PROS in the 4th quarter worth about $33,000. Quadrant Capital Group LLC increased its stake in shares of PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after acquiring an additional 926 shares in the last quarter. Comerica Bank increased its stake in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Quarry LP increased its stake in shares of PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker's stock worth $127,000 after acquiring an additional 4,959 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PRO. StockNews.com lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Needham & Company LLC decreased their target price on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus decreased their target price 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. KeyCorp decreased their target price 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. Finally, Robert W. Baird decreased their target price on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.13.

PROS Stock Performance

Shares of PRO stock traded down $0.43 during trading hours on Monday, reaching $18.00. The company had a trading volume of 491,005 shares, compared to its average volume of 542,271. The business has a fifty day moving average price of $17.94 and a 200-day moving average price of $21.65. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87. The firm has a market cap of $861.34 million, a PE ratio of -40.91 and a beta of 1.06.

PROS (NYSE:PRO - Get Free Report) last announced 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 quarter in the prior year, the firm earned $0.04 earnings per share. The business's revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.

PROS 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.