PROS (NYSE:PRO) Shares Gap Up to $17.21

PROS Holdings, Inc. (NYSE:PRO) gapped up prior to trading on Friday . The stock had previously closed at $17.21, but opened at $17.84. PROS shares last traded at $18.31, with a volume of 43,635 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on PRO. Bank of America lowered their price target on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Monday, September 9th. Craig Hallum decreased their price objective on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Stifel Nicolaus cut their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.86.

PROS Stock Performance

The firm’s 50 day moving average is $21.22 and its 200-day moving average is $28.48. The stock has a market capitalization of $842.23 million, a price-to-earnings ratio of -16.99 and a beta of 1.20.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. During the same quarter last year, the company posted ($0.24) EPS. The company’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Trading of PROS

Several institutional investors have recently bought and sold shares of PRO. Parallel Advisors LLC raised its stake in shares of PROS by 137.6% during the 4th quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock worth $27,000 after buying an additional 406 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in PROS during the second quarter worth $29,000. Quarry LP acquired a new position in PROS during the second quarter worth $38,000. Principal Financial Group Inc. grew its position in shares of PROS by 9.1% in the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after purchasing an additional 484 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of PROS during the second quarter worth about $210,000. 94.27% of the stock is 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.