PROS (NYSE:PRO) Stock Price Up 6.2% After Earnings Beat

PROS Holdings, Inc. (NYSE:PROGet Rating) shares rose 6.2% on Friday following a better than expected earnings announcement. The stock traded as high as $25.35 and last traded at $25.35. Approximately 876 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 295,082 shares. The stock had previously closed at $23.86.

The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. The company had revenue of $68.40 million during the quarter, compared to the consensus estimate of $66.86 million. PROS had a negative net margin of 34.23% and a negative return on equity of 781.16%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.34) earnings per share.

Wall Street Analyst Weigh In

PRO has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of PROS from $40.00 to $30.00 in a research report on Friday. Needham & Company LLC decreased their price objective on shares of PROS from $51.00 to $35.00 and set a “buy” rating for the company in a research report on Friday. Finally, Craig Hallum decreased their price objective on shares of PROS from $35.00 to $30.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Buying and Selling

In related news, Director Timothy V. Williams sold 2,194 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $24.91, for a total transaction of $54,652.54. Following the completion of the sale, the director now owns 115,986 shares of the company’s stock, valued at approximately $2,889,211.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.10% of the company’s stock.

Institutional Trading of PROS

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of PROS in the 4th quarter worth approximately $627,000. Fifth Third Bancorp lifted its holdings in shares of PROS by 32.2% in the 4th quarter. Fifth Third Bancorp now owns 2,573 shares of the software maker’s stock worth $89,000 after acquiring an additional 626 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of PROS by 1.1% in the 4th quarter. New York State Common Retirement Fund now owns 726,731 shares of the software maker’s stock worth $25,065,000 after acquiring an additional 8,025 shares during the last quarter. Redmond Asset Management LLC acquired a new position in shares of PROS in the 4th quarter worth approximately $1,678,000. Finally, Wrapmanager Inc. acquired a new position in shares of PROS in the 4th quarter worth approximately $293,000. Hedge funds and other institutional investors own 98.62% of the company’s stock.

PROS Stock Performance

The firm’s fifty day moving average price is $26.83 and its 200 day moving average price is $28.82. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 80.44. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -12.37 and a beta of 1.49.

About PROS

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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.

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