PROS Holdings, Inc. (NYSE:PRO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of PROS Holdings, Inc. (NYSE:PRO) have received an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $21.65.

PRO has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of PROS in a research note on Monday. KeyCorp cut PROS from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 23rd. Northland Capmk downgraded PROS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Northland Securities set a $23.25 price objective on PROS in a research note on Tuesday, September 30th. Finally, Needham & Company LLC downgraded PROS from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Tuesday, September 23rd.

Institutional Investors Weigh In On PROS

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of PROS by 36.3% in the 1st quarter. Acadian Asset Management LLC now owns 312,513 shares of the software maker’s stock valued at $5,937,000 after buying an additional 83,274 shares during the last quarter. Kopion Asset Management LLC boosted its stake in PROS by 62.3% in the second quarter. Kopion Asset Management LLC now owns 644,440 shares of the software maker’s stock valued at $10,092,000 after acquiring an additional 247,381 shares in the last quarter. Nordea Investment Management AB acquired a new position in PROS in the second quarter valued at $676,000. AXQ Capital LP purchased a new position in shares of PROS during the second quarter worth about $594,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of PROS during the second quarter worth about $1,513,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Price Performance

Shares of NYSE:PRO opened at $23.25 on Friday. The firm has a market capitalization of $1.12 billion, a PE ratio of -75.00 and a beta of 0.66. PROS has a 1 year low of $13.61 and a 1 year high of $29.84. The firm’s 50-day moving average is $23.10 and its two-hundred day moving average is $18.85.

PROS (NYSE:PRO) last announced its quarterly earnings data on Monday, October 27th. The software maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.27. The business had revenue of $91.68 million during the quarter, compared to analyst estimates of $94.71 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that PROS will post -0.2 EPS 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.