PROS Holdings, Inc. (NYSE:PRO) Given Consensus Recommendation of “Moderate Buy” by Analysts

PROS Holdings, Inc. (NYSE:PRO) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $31.88.

PRO has been the subject of several research reports. KeyCorp decreased their price objective on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC cut their price target on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Northland Securities reissued an “outperform” rating and issued a $38.00 price target (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Finally, Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th.

Hedge Funds Weigh In On PROS

A number of institutional investors and hedge funds have recently made changes to their positions in PRO. RGM Capital LLC raised its holdings in PROS by 1.7% during the third quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock worth $56,091,000 after purchasing an additional 50,000 shares during the last quarter. Fred Alger Management LLC boosted its stake in shares of PROS by 14.7% during the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after purchasing an additional 373,982 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of PROS by 2.4% during the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock worth $32,008,000 after buying an additional 39,846 shares in the last quarter. State Street Corp lifted its stake in shares of PROS by 2.9% during the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after buying an additional 33,176 shares during the period. Finally, Tensile Capital Management LP grew its stake in PROS by 373.4% in the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after acquiring an additional 915,990 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Price Performance

Shares of PRO opened at $23.74 on Wednesday. The company has a 50 day simple moving average of $22.92 and a two-hundred day simple moving average of $21.25. PROS has a 1 year low of $16.64 and a 1 year high of $38.71. The firm has a market cap of $1.12 billion, a P/E ratio of -38.28 and a beta of 1.21.

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

About PROS

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.