Stifel Nicolaus Issues Pessimistic Forecast for PROS (NYSE:PRO) Stock Price

PROS (NYSE:PRO - Free Report) had its price target decreased by Stifel Nicolaus from $24.00 to $20.00 in a report released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker's stock.

PRO has been the subject of a number of other research reports. KeyCorp reduced their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wall Street Zen cut PROS from a "buy" rating to a "hold" rating in a research note on Saturday. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $27.00 to $18.00 in a research note on Monday, June 16th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price objective on shares of PROS in a research note on Thursday, June 12th. Finally, Baird R W cut shares of PROS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

PROS Stock Performance

Shares of PRO stock traded up $0.18 during trading hours on Tuesday, hitting $16.54. 660,326 shares of the company were exchanged, compared to its average volume of 614,440. PROS has a fifty-two week low of $13.61 and a fifty-two week high of $29.84. The company has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $20.04. The firm has a market cap of $791.44 million, a P/E ratio of -59.07 and a beta of 0.98.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 company posted $0.04 EPS. PROS's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that PROS will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On PROS

A number of institutional investors and hedge funds have recently made changes to their positions in PRO. US Bancorp DE raised its holdings in shares of PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock valued at $406,000 after acquiring an additional 1,841 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in PROS by 22.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker's stock valued at $9,673,000 after purchasing an additional 80,924 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in PROS in the fourth quarter valued at approximately $6,447,000. Amundi bought a new stake in PROS during the fourth quarter valued at approximately $444,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in PROS by 45.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 390,452 shares of the software maker's stock worth $8,574,000 after buying an additional 122,090 shares in the last quarter. Hedge funds and other 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.