PROS Holdings, Inc. (NYSE:PRO) Given Average Recommendation of “Buy” by Analysts

PROS Holdings, Inc. (NYSE:PRO) has received a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.88.

A number of research firms have recently weighed in on PRO. Robert W. Baird upped their price objective on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Needham & Company LLC decreased their price target on shares of PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, October 30th. Finally, KeyCorp decreased their target price on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th.

PROS Stock Down 3.2 %

PRO stock opened at $22.09 on Friday. The business’s 50-day moving average price is $22.39 and its 200-day moving average price is $22.01. The stock has a market cap of $1.04 billion, a P/E ratio of -35.63 and a beta of 1.21. PROS has a twelve month low of $16.64 and a twelve month high of $40.03.

PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to the consensus estimate of $82.32 million. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.17) earnings per share. On average, equities research analysts expect that PROS will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PROS

Several hedge funds and other institutional investors have recently made changes to their positions in PRO. RGM Capital LLC lifted its stake in shares of PROS by 1.7% during the 3rd quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock worth $56,091,000 after acquiring an additional 50,000 shares during the last quarter. Fred Alger Management LLC lifted its position in shares of PROS by 14.7% during the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after purchasing an additional 373,982 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of PROS by 2.4% during the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock worth $32,008,000 after purchasing an additional 39,846 shares during the last quarter. State Street Corp boosted its stake in shares of PROS by 2.9% during the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after purchasing an additional 33,176 shares during the period. Finally, Tensile Capital Management LP grew its holdings in shares of PROS by 373.4% in the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after purchasing an additional 915,990 shares during the last quarter. Hedge funds and other 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.