PROS (NYSE:PRO) Shares Down 2.8%

PROS Holdings, Inc. (NYSE:PRO) shares were down 2.8% during trading on Wednesday . The company traded as low as $17.86 and last traded at $17.88. Approximately 99,648 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 453,983 shares. The stock had previously closed at $18.40.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Craig Hallum reduced 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of PROS in a research report on Monday, September 9th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Stifel Nicolaus dropped their price objective on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Robert W. Baird reduced their price objective on PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.86.

PROS Stock Down 4.7 %

The company has a market cap of $827.59 million, a P/E ratio of -16.61 and a beta of 1.20. The business has a fifty day simple moving average of $20.91 and a two-hundred day simple moving average of $28.17.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to analysts’ expectations of $81.38 million. During the same period in the previous year, the business posted ($0.24) EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that PROS Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On PROS

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in PROS by 137.6% in the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock worth $27,000 after buying an additional 406 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS in the 2nd quarter worth approximately $29,000. Quarry LP bought a new stake in PROS during the 2nd quarter worth approximately $38,000. Victory Capital Management Inc. purchased a new position in PROS during the fourth quarter valued at approximately $218,000. Finally, Principal Financial Group Inc. boosted 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 worth $210,000 after purchasing an additional 484 shares during the period. 94.27% of the stock is currently owned by hedge funds and other 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.