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

Shares of 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PRO shares. Robert W. Baird lowered their price objective on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Stifel Nicolaus reduced their price objective on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. KeyCorp lowered their target price on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Craig Hallum cut their price target on PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Finally, Oppenheimer lowered their price objective on shares of PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

PROS Price Performance

The business has a 50-day moving average of $21.22 and a two-hundred day moving average of $28.48. The company has a market cap of $842.23 million, a P/E ratio of -16.99 and a beta of 1.20.

PROS (NYSE:PRO) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Equities analysts anticipate that PROS Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. purchased a new position in PROS during the 4th quarter worth $218,000. Charles Schwab Investment Management Inc. boosted its holdings in PROS by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker’s stock worth $13,042,000 after acquiring an additional 4,057 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of PROS by 11.4% during the fourth quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker’s stock worth $109,171,000 after acquiring an additional 287,338 shares during the last quarter. Norges Bank acquired a new position in shares of PROS during the fourth quarter valued at about $12,436,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of PROS in the 4th quarter valued at approximately $495,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.