Stifel Nicolaus Has Lowered Expectations for PROS (NYSE:PRO) Stock Price

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

Several other equities research analysts have also commented on the company. Wall Street Zen lowered PROS from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Baird R W lowered PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. Robert W. Baird lowered PROS from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $27.00 to $18.00 in a research note on Monday, June 16th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 target price on shares of PROS in a research note on Thursday, June 12th. Finally, KeyCorp lowered their target price on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, PROS has an average rating of "Moderate Buy" and a consensus target price of $27.50.

PROS Trading Down 2.2%

NYSE:PRO traded down $0.36 on Tuesday, hitting $15.92. 703,330 shares of the stock were exchanged, compared to its average volume of 614,262. The stock has a market cap of $761.53 million, a PE ratio of -56.84 and a beta of 0.98. The stock has a fifty day moving average of $16.91 and a 200-day moving average of $19.90. PROS has a fifty-two week low of $13.61 and a fifty-two week high of $29.84.

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 the consensus estimate 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. The business's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. As a group, analysts predict that PROS will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS during the 4th quarter worth approximately $30,000. Ancora Advisors LLC acquired a new position in shares of PROS during the 4th quarter valued at $33,000. Quadrant Capital Group LLC grew its holdings 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 during the last quarter. Comerica Bank grew its holdings 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 during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of PROS by 2,716.9% in the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after acquiring an additional 2,092 shares during 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.