PROS (NYSE:PRO) Shares Gap Up After Analyst Upgrade

PROS Holdings, Inc. (NYSE:PRO)’s stock price gapped up prior to trading on Friday after Stifel Nicolaus raised their price target on the stock from $26.00 to $30.00. The stock had previously closed at $24.92, but opened at $28.83. Stifel Nicolaus currently has a buy rating on the stock. PROS shares last traded at $27.21, with a volume of 351,645 shares trading hands.

A number of other research analysts also recently weighed in on PRO. KeyCorp upped their price target on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Northland Securities reissued an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday, October 30th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 30th. Finally, Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PROS presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Hedge Funds Weigh In On PROS

Several large investors have recently modified their holdings of PRO. Intech Investment Management LLC purchased a new position in PROS during the third quarter valued at approximately $204,000. Hennion & Walsh Asset Management Inc. grew its position in shares of PROS by 27.4% during 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. Oppenheimer Asset Management Inc. increased its holdings in shares of PROS by 29.3% in the third 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. Quadrature Capital Ltd raised its position in shares of PROS by 19.3% in the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after buying an additional 2,034 shares in the last quarter. Finally, Creative Planning bought a new stake in PROS during the third quarter valued at $249,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Stock Up 9.8 %

The firm has a market capitalization of $1.29 billion, a PE ratio of -44.14 and a beta of 1.22. The company has a 50-day moving average of $23.30 and a 200 day moving average of $21.28.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal 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.