PROS Holdings, Inc. (NYSE:PRO) Receives $31.88 Consensus PT from Analysts

Shares of PROS Holdings, Inc. (NYSE:PRO) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $31.88.

A number of equities research analysts recently issued reports on the company. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. KeyCorp reduced their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 30th. Needham & Company LLC cut their target price on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th.

PROS Trading Down 0.2 %

PRO stock opened at $24.25 on Wednesday. The firm has a 50 day moving average of $22.98 and a 200-day moving average of $21.27. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -39.12 and a beta of 1.21. PROS has a 12-month low of $16.64 and a 12-month high of $38.71.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) earnings per share. Sell-side analysts forecast that PROS will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

A number of large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS during the 2nd quarter worth $29,000. Quarry LP purchased a new position in shares of PROS in the 2nd quarter worth about $38,000. Intech Investment Management LLC acquired a new position in shares of PROS in the 3rd quarter valued at about $204,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of PROS by 29.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after purchasing an additional 2,700 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.