PROS (NYSE:PRO) Upgraded at StockNews.com

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research report report published on Thursday.

A number of other equities analysts have also weighed in on PRO. Bank of America dropped their target price on shares of PROS from $43.00 to $39.00 and set a buy rating for the company in a research report on Tuesday, August 27th. Craig Hallum cut their price objective on PROS from $32.00 to $31.00 and set a hold rating for the company in a research report on Wednesday, July 31st. Oppenheimer decreased their target price on PROS from $42.00 to $31.00 and set an outperform rating on the stock in a research report on Wednesday, July 31st. KeyCorp cut their price target on PROS from $43.00 to $36.00 and set an overweight rating for the company in a report on Wednesday, July 31st. Finally, Stifel Nicolaus decreased their price objective on PROS from $40.00 to $32.00 and set a buy rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $34.86.

PROS Stock Performance

Shares of PRO stock opened at $18.85 on Thursday. The stock has a fifty day simple moving average of $19.95 and a two-hundred day simple moving average of $27.20. The firm has a market capitalization of $889.91 million, a PE ratio of -17.95 and a beta of 1.20. PROS has a 52-week low of $16.64 and a 52-week high of $40.99.

PROS (NYSE:PRO) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to the consensus estimate of $81.38 million. During the same period last year, the business posted ($0.24) EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that PROS will post -0.43 EPS for the current fiscal year.

Institutional Trading of PROS

A number of institutional investors have recently bought and sold shares of PRO. Parallel Advisors LLC raised its stake in shares of PROS by 137.6% in the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock valued at $27,000 after acquiring an additional 406 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS in the 2nd quarter worth about $29,000. Quarry LP bought a new stake in PROS in the second quarter worth about $38,000. Principal Financial Group Inc. boosted its position in shares of PROS by 9.1% during the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after buying an additional 484 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of PROS during the second quarter valued at approximately $210,000. 94.27% of the stock is currently owned by institutional investors.

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.