PROS (NYSE:PRO) Upgraded by StockNews.com to “Buy” Rating

PROS (NYSE:PRO) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the company. Needham & Company LLC decreased their price objective on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Northland Securities restated an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Oppenheimer reduced their price objective on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Bank of America lowered their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $31.63.

PROS Stock Performance

Shares of NYSE:PRO opened at $22.74 on Friday. The stock’s 50-day simple moving average is $19.32 and its two-hundred day simple moving average is $23.43. PROS has a 52-week low of $16.64 and a 52-week high of $40.99. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -36.68 and a beta of 1.20.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $82.32 million. During the same quarter in the prior year, the business earned ($0.17) EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that PROS will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of PROS

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS in the 2nd quarter worth about $29,000. Quarry LP purchased a new position in PROS in the second quarter worth about $38,000. Intech Investment Management LLC bought a new stake in PROS during the third quarter worth approximately $204,000. Hennion & Walsh Asset Management Inc. raised its position in PROS by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after purchasing an additional 2,393 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of PROS in the 2nd quarter valued at approximately $210,000. Institutional investors own 94.27% of the company’s stock.

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.