PROS (NYSE:PRO) Stock Rating Lowered by Baird R W

PROS (NYSE:PRO) was downgraded by stock analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of PROS in a report on Thursday, June 12th. Stifel Nicolaus cut their price objective on shares of PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. 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 research report on Wednesday, May 7th. Finally, Northland Securities set a $38.00 price objective on shares of PROS in a report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, PROS presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

PROS Stock Performance

PRO opened at $14.54 on Monday. PROS has a fifty-two week low of $14.45 and a fifty-two week high of $29.84. The company has a fifty day moving average of $17.33 and a 200 day moving average of $20.91. The stock has a market capitalization of $695.74 million, a price-to-earnings ratio of -51.93 and a beta of 1.03.

PROS (NYSE:PRO) last released its earnings results 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 during the quarter, compared to the consensus estimate of $85.69 million. PROS’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. On average, equities research analysts forecast that PROS will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On PROS

A number of hedge funds have recently modified their holdings of PRO. Rice Hall James & Associates LLC grew its position in shares of PROS by 18.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock worth $5,780,000 after acquiring an additional 41,111 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of PROS by 6.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker’s stock worth $872,000 after acquiring an additional 2,254 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of PROS during the fourth quarter worth approximately $497,000. Oppenheimer Asset Management Inc. grew its position in shares of PROS by 17.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker’s stock worth $306,000 after acquiring an additional 2,023 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of PROS by 11.1% during the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock worth $406,000 after acquiring an additional 1,841 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other 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.