Needham & Company LLC Reiterates “Buy” Rating for PROS (NYSE:PRO)

Needham & Company LLC reaffirmed their buy rating on shares of PROS (NYSE:PRO) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $30.00 target price on the software maker’s stock.

PRO has been the topic of several other reports. Northland Securities reaffirmed an “outperform” rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. KeyCorp decreased their price objective on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, October 30th. Finally, Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

PROS Price Performance

Shares of PRO opened at $27.37 on Friday. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $38.71. The company’s 50-day moving average is $23.30 and its 200-day moving average is $21.28.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) 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 -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Several hedge funds have recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in PROS in the third quarter valued at about $204,000. Hennion & Walsh Asset Management Inc. lifted its position in PROS by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after purchasing an additional 2,393 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of PROS in the 4th quarter worth $252,000. Oppenheimer Asset Management Inc. raised its position in shares of PROS by 29.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock valued at $221,000 after buying an additional 2,700 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of PROS by 19.3% during the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after acquiring an additional 2,034 shares during the last quarter. 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.