PROS (NYSE:PRO) Price Target Raised to $30.00

PROS (NYSE:PRO) had its price objective increased by investment analysts at Stifel Nicolaus from $26.00 to $30.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 11.07% from the stock’s current price.

A number of other research analysts also recently commented on PRO. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Northland Securities reiterated an “outperform” rating and set a $38.00 price objective (down previously from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Finally, KeyCorp lifted their target price on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

PROS Stock Performance

NYSE PRO traded up $2.09 during trading hours on Friday, hitting $27.01. 642,897 shares of the company’s stock were exchanged, compared to its average volume of 430,663. The firm has a market capitalization of $1.28 billion, a P/E ratio of -43.52 and a beta of 1.22. The business’s 50 day moving average is $23.22 and its 200-day moving average is $21.26. PROS has a 12-month low of $16.64 and a 12-month high of $38.71.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, equities research analysts anticipate that PROS will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Several institutional investors and hedge funds have recently bought and sold shares of PRO. Intech Investment Management LLC acquired a new position in PROS in the third quarter worth approximately $204,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after acquiring an additional 2,393 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after buying an additional 2,700 shares in the last quarter. Quadrature Capital Ltd increased its stake in PROS by 19.3% in the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock valued at $233,000 after acquiring an additional 2,034 shares during the period. Finally, Creative Planning acquired a new stake in PROS during the third quarter valued at approximately $249,000. 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.