PROS’s (PRO) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of PROS (NYSE:PRO) in a report released on Friday,Benzinga reports. The brokerage currently has a $30.00 price target on the software maker’s stock.

Several other research firms have also recently commented on PRO. Northland Securities reissued an “outperform” rating and issued a $38.00 target price (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. KeyCorp lowered their price target on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PROS presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

PROS Trading Up 9.8 %

Shares of NYSE:PRO opened at $27.37 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of -62.20 and a beta of 1.22. The business’s 50 day moving average is $23.30 and its 200-day moving average is $21.23. PROS has a 1-year low of $16.64 and a 1-year high of $38.71.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, sell-side analysts predict that PROS will post -0.17 EPS for the current year.

Hedge Funds Weigh In On PROS

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its position in shares of PROS by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker’s stock valued at $672,000 after buying an additional 1,646 shares in the last quarter. Truist Financial Corp bought a new stake in PROS during the second quarter valued at $365,000. Cubist Systematic Strategies LLC bought a new position in shares of PROS during the 2nd quarter worth approximately $2,472,000. Inspire Investing LLC boosted its position in shares of PROS by 82.0% during the 3rd quarter. Inspire Investing LLC now owns 22,414 shares of the software maker’s stock worth $415,000 after purchasing an additional 10,099 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of PROS during the third quarter valued at approximately $249,000. 94.27% of the stock is owned by institutional investors.

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.