PROS (NYSE:PRO) Downgraded to Sell at Zacks Investment Research

PROS (NYSE:PROGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

A number of other equities analysts also recently weighed in on the stock. StockNews.com initiated coverage on shares of PROS in a research note on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley dropped their price objective on PROS from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, March 4th. Finally, Stifel Nicolaus dropped their price objective on PROS from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.33.

PROS stock opened at $27.99 on Wednesday. The firm has a 50 day moving average price of $31.03. PROS has a 1 year low of $23.08 and a 1 year high of $50.90. The company has a debt-to-equity ratio of 80.44, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $1.26 billion, a P/E ratio of -15.30 and a beta of 1.55.

PROS (NYSE:PROGet Rating) last released its quarterly earnings data on Thursday, February 10th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.01. PROS had a negative return on equity of 316.22% and a negative net margin of 32.30%. The company had revenue of $64.97 million during the quarter, compared to the consensus estimate of $63.84 million. During the same quarter in the prior year, the firm posted ($0.29) earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that PROS will post -1.42 EPS for the current fiscal year.

In other PROS news, CFO Stefan B. Schulz sold 34,800 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $31.03, for a total transaction of $1,079,844.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in PROS by 70.3% during the first quarter. First Trust Advisors LP now owns 72,766 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 30,043 shares during the period. Morgan Stanley grew its holdings in PROS by 13.5% during the second quarter. Morgan Stanley now owns 718,531 shares of the software maker’s stock valued at $32,744,000 after purchasing an additional 85,590 shares during the period. SG Americas Securities LLC grew its holdings in PROS by 273.1% during the third quarter. SG Americas Securities LLC now owns 17,732 shares of the software maker’s stock valued at $629,000 after purchasing an additional 12,980 shares during the period. Raymond James & Associates grew its holdings in PROS by 25.4% during the third quarter. Raymond James & Associates now owns 33,912 shares of the software maker’s stock valued at $1,203,000 after purchasing an additional 6,878 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in shares of PROS by 34.7% during the third quarter. Advisor Group Holdings Inc. now owns 14,853 shares of the software maker’s stock worth $526,000 after acquiring an additional 3,829 shares in the last quarter.

About PROS (Get Rating)

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. 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 that enables businesses to optimize, personalize and harmonize pricing across the complexity of their go-to-market channels in the context of dynamic market and competitive conditions.

See Also

Get a free copy of the Zacks research report on PROS (PRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.