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

PROS (NYSE:PRO - Get Free Report) had its price objective decreased by analysts at Stifel Nicolaus from $30.00 to $24.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the software maker's stock. Stifel Nicolaus' price target would suggest a potential upside of 45.81% from the stock's current price.

A number of other equities analysts have also commented on the company. Needham & Company LLC dropped their price target on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Friday. KeyCorp increased their target price on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. StockNews.com upgraded shares of PROS from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 29th. Robert W. Baird lowered their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $29.13.

PROS Stock Down 2.3 %

NYSE PRO traded down $0.39 during trading hours on Friday, reaching $16.46. The company's stock had a trading volume of 1,857,548 shares, compared to its average volume of 534,220. PROS has a 1 year low of $14.81 and a 1 year high of $33.50. The company has a market capitalization of $786.74 million, a price-to-earnings ratio of -37.41 and a beta of 1.04. The firm's 50-day moving average price is $19.21 and its 200-day moving average price is $21.77.

PROS (NYSE:PRO - Get Free Report) last released its 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 company had revenue of $86.32 million during the quarter, compared to analysts' expectations of $85.69 million. PROS's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. Equities research analysts anticipate that PROS will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after acquiring an additional 184,856 shares during the period. JPMorgan Chase & Co. grew its stake in PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock worth $7,360,000 after purchasing an additional 338,158 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in PROS by 28.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock worth $314,000 after purchasing an additional 3,148 shares during the period. Stephens Inc. AR raised its position in PROS by 14.1% during the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock valued at $277,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in shares of PROS by 18.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock worth $5,780,000 after buying an additional 41,111 shares in the last quarter. Hedge funds and other 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.