PROS (NYSE:PRO) Given New $28.00 Price Target at KeyCorp

PROS (NYSE:PRO) had its price target trimmed by KeyCorp from $36.00 to $28.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

PRO has been the topic of several other reports. Needham & Company LLC decreased their target price on shares of PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday. Bank of America decreased their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Oppenheimer decreased their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Stifel Nicolaus decreased their target price on shares of PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PROS has a consensus rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Trading Up 5.8 %

Shares of NYSE PRO opened at $20.95 on Wednesday. PROS has a 12-month low of $16.64 and a 12-month high of $40.99. The stock has a market cap of $991.14 million, a PE ratio of -33.79 and a beta of 1.20. The company has a 50-day moving average of $18.60 and a 200 day moving average of $24.34.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $82.32 million. During the same period in the prior year, the company posted ($0.17) EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that PROS will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the 2nd quarter worth approximately $29,000. Quarry LP acquired a new position in shares of PROS in the 2nd quarter worth approximately $38,000. Principal Financial Group Inc. lifted its holdings in PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock worth $210,000 after buying an additional 484 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in PROS during the 2nd quarter worth approximately $210,000. Finally, ProShare Advisors LLC lifted its holdings in PROS by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock worth $292,000 after buying an additional 632 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.