PROS (NYSE:PRO) Downgraded by Robert W. Baird to Neutral

Robert W. Baird downgraded shares of PROS (NYSE:PRO) from an outperform rating to a neutral rating in a report released on Monday, Marketbeat reports. Robert W. Baird currently has $18.00 price objective on the software maker’s stock, down from their prior price objective of $27.00.

PRO has been the subject of several other research reports. Stifel Nicolaus decreased their target price on PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of PROS in a research report on Thursday, June 12th. KeyCorp dropped their target price on shares of PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of PROS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Northland Securities set a $38.00 price target on shares of PROS in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PROS currently has an average rating of “Moderate Buy” and an average price target of $28.00.

PROS Stock Down 3.9%

Shares of PRO stock opened at $15.16 on Monday. PROS has a 12 month low of $14.81 and a 12 month high of $29.84. The company has a market cap of $725.39 million, a PE ratio of -34.45 and a beta of 1.03. The business’s 50 day moving average is $17.38 and its two-hundred day moving average is $20.95.

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

Institutional Trading of PROS

Several institutional investors have recently made changes to their positions in PRO. Quadrant Capital Group LLC raised its position in PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after purchasing an additional 926 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of PROS by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock worth $743,000 after buying an additional 1,080 shares in the last quarter. Comerica Bank lifted its position in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after buying an additional 1,140 shares during the period. Swiss National Bank boosted its stake in PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock valued at $1,733,000 after buying an additional 1,300 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS in the fourth quarter valued at $30,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.