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

Shares of PROS Holdings, Inc. (NYSE:PRO) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.63.

Several equities research analysts recently commented on the company. StockNews.com upgraded PROS from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Robert W. Baird reduced their target price on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of PROS in a research report on Friday, February 7th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On PROS

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in PROS by 345.4% in the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after acquiring an additional 184,856 shares during the period. JPMorgan Chase & Co. lifted its stake in PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after purchasing an additional 338,158 shares during the last quarter. US Bancorp DE grew its holdings in PROS by 11.1% during the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after purchasing an additional 1,841 shares during the period. Vanguard Group Inc. increased its position in PROS by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock worth $124,516,000 after buying an additional 172,997 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of PROS by 28.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after buying an additional 3,148 shares during the period. Institutional investors own 94.27% of the company’s stock.

PROS Stock Down 1.6 %

Shares of PROS stock opened at $16.82 on Friday. The stock has a market cap of $803.71 million, a price-to-earnings ratio of -38.22 and a beta of 1.04. PROS has a twelve month low of $14.81 and a twelve month high of $34.43. The company’s fifty day moving average is $19.38 and its 200 day moving average is $21.75.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to analyst estimates of $85.69 million. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. As a group, equities analysts anticipate that PROS will post -0.2 earnings per share for the current fiscal year.

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.