PROS Holdings, Inc. (NYSE:PRO) Receives Average Recommendation of “Moderate Buy” from Analysts

PROS Holdings, Inc. (NYSE:PRO) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.00.

Several analysts have commented on PRO shares. Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of PROS in a research report on Friday, February 7th. Robert W. Baird increased their target price on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price target on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Finally, KeyCorp boosted their target price on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th.

Insider Activity

In other news, CAO Scott William Cook sold 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the transaction, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On PROS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its holdings in shares of PROS by 334.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker’s stock worth $38,387,000 after purchasing an additional 1,345,256 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker’s stock worth $30,378,000 after buying an additional 1,069,141 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in PROS in the 3rd quarter valued at $17,921,000. Tensile Capital Management LP raised its stake in shares of PROS by 373.4% in the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock valued at $21,507,000 after buying an additional 915,990 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of PROS during the 3rd quarter worth about $6,713,000. 94.27% of the stock is currently owned by institutional investors.

PROS Trading Up 2.2 %

Shares of NYSE:PRO opened at $20.98 on Thursday. The firm has a market cap of $997.98 million, a price-to-earnings ratio of -47.68 and a beta of 1.14. PROS has a 1 year low of $16.64 and a 1 year high of $38.71. The business has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $21.92.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). On average, sell-side analysts forecast that PROS will post -0.2 EPS for the current 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.