StockNews.com Downgrades PROS (NYSE:PRO) to Hold

PROS (NYSE:PRO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other analysts also recently issued reports on the stock. Oppenheimer cut their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday. Northland Securities reaffirmed an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research note on Wednesday. Stifel Nicolaus reduced their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Needham & Company LLC lowered their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PROS currently has an average rating of “Moderate Buy” and an average target price of $31.63.

PROS Stock Down 5.0 %

Shares of NYSE PRO opened at $19.80 on Wednesday. The stock has a market cap of $934.68 million, a P/E ratio of -31.94 and a beta of 1.21. The firm’s 50-day simple moving average is $18.54 and its 200 day simple moving average is $24.47. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $82.01 million for the quarter, compared to analyst estimates of $81.38 million. During the same quarter last year, the business posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PROS will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PRO. US Bancorp DE raised its position in shares of PROS by 136.9% in the third quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock valued at $309,000 after purchasing an additional 9,627 shares during the period. Assenagon Asset Management S.A. grew its stake in PROS by 218.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after buying an additional 286,825 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after acquiring an additional 2,393 shares during the period. Kopion Asset Management LLC lifted its position in PROS by 60.0% during the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after acquiring an additional 173,168 shares during the last quarter. Finally, Creative Planning bought a new stake in PROS during the third quarter valued at about $249,000. 94.27% of the stock is owned by institutional investors.

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.