PROS Holdings, Inc. (NYSE:PRO) Receives $31.63 Consensus PT from Brokerages

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

PRO has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America reduced their price target on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Needham & Company LLC reduced their price target on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Northland Securities restated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Finally, KeyCorp dropped their price target on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

PROS Price Performance

NYSE PRO opened at $24.73 on Tuesday. The business has a 50 day simple moving average of $20.69 and a 200 day simple moving average of $22.73. PROS has a one year low of $16.64 and a one year high of $40.99. The stock has a market capitalization of $1.17 billion, a P/E ratio of -40.24 and a beta of 1.21.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same period last year, the business posted ($0.17) EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that PROS will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS during the 2nd quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of PROS in the 2nd quarter worth $38,000. Sequoia Financial Advisors LLC bought a new stake in shares of PROS in the 2nd quarter worth $210,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of PROS in the 2nd quarter worth $251,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of PROS in the 2nd quarter worth $264,000. 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.