PROS (NYSE:PRO) Rating Lowered to Hold at Northland Capmk

PROS (NYSE:PRO) was downgraded by investment analysts at Northland Capmk from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on PRO. KeyCorp lowered shares of PROS from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 23rd. Baird R W lowered shares of PROS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 16th. Robert W. Baird cut shares of PROS from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $27.00 to $18.00 in a research note on Monday, June 16th. Needham & Company LLC lowered shares of PROS from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Tuesday, September 23rd. Finally, Northland Securities set a $23.25 target price on shares of PROS in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, PROS presently has an average rating of “Hold” and a consensus price target of $23.75.

PROS Stock Performance

Shares of PRO opened at $22.94 on Tuesday. The firm has a market cap of $1.10 billion, a PE ratio of -104.25 and a beta of 1.04. The firm’s 50 day moving average price is $16.49 and its 200 day moving average price is $16.94. PROS has a twelve month low of $13.61 and a twelve month high of $29.84.

PROS (NYSE:PRO) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $88.72 million for the quarter, compared to the consensus estimate of $87.70 million. PROS’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, sell-side analysts anticipate that PROS will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

A number of institutional investors and hedge funds have recently bought and sold shares of PRO. GAMMA Investing LLC increased its position in PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock worth $41,000 after acquiring an additional 2,092 shares during the period. FNY Investment Advisers LLC bought a new position in PROS during the second quarter worth $70,000. Tower Research Capital LLC TRC increased its position in PROS by 319.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,851 shares of the software maker’s stock worth $107,000 after acquiring an additional 5,217 shares during the period. CWM LLC boosted its stake in PROS by 153.6% during the first quarter. CWM LLC now owns 7,666 shares of the software maker’s stock worth $146,000 after buying an additional 4,643 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in PROS by 39.4% during the second quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the software maker’s stock worth $155,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

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.