PROS Holdings, Inc. (NYSE:PRO) Receives Consensus Rating of “Moderate Buy” from Analysts

PROS Holdings, Inc. (NYSE:PRO) has earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $34.86.

Several equities research analysts have commented on the stock. Bank of America lowered their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. KeyCorp lowered their price objective on shares of PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Oppenheimer reduced their target price on PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Craig Hallum cut their price objective on PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st.

Institutional Trading of PROS

Several institutional investors and hedge funds have recently bought and sold shares of PRO. Victory Capital Management Inc. acquired a new position in shares of PROS in the fourth quarter valued at approximately $218,000. Charles Schwab Investment Management Inc. grew its holdings in PROS by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker’s stock valued at $13,042,000 after buying an additional 4,057 shares in the last quarter. Norges Bank bought a new position in PROS during the 4th quarter worth $12,436,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of PROS during the fourth quarter worth $495,000. Finally, Trexquant Investment LP boosted its position in shares of PROS by 73.8% in the fourth quarter. Trexquant Investment LP now owns 57,670 shares of the software maker’s stock valued at $2,237,000 after acquiring an additional 24,489 shares during the period. Institutional investors own 94.27% of the company’s stock.

PROS Price Performance

Shares of NYSE PRO opened at $18.40 on Thursday. The company’s 50 day simple moving average is $20.41 and its 200 day simple moving average is $27.68. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The firm has a market capitalization of $864.87 million, a P/E ratio of -17.52 and a beta of 1.20.

PROS (NYSE:PRO) last released its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that PROS will post -0.43 EPS for the current fiscal year.

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.