PROS (NYSE:PRO) Price Target Raised to $30.00

PROS (NYSE:PRO) had its price objective raised by Stifel Nicolaus from $26.00 to $30.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other research analysts have also recently issued reports about the company. Robert W. Baird boosted their price target on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of PROS in a research report on Friday. Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. KeyCorp boosted their price target on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

PROS Price Performance

Shares of NYSE PRO opened at $27.37 on Friday. PROS has a 1 year low of $16.64 and a 1 year high of $38.71. The firm has a fifty day moving average price of $23.30 and a 200-day moving average price of $21.23. The stock has a market cap of $1.29 billion, a PE ratio of -62.20 and a beta of 1.22.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). On average, research analysts expect that PROS will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Stephens Inc. AR increased its stake in PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock worth $277,000 after acquiring an additional 1,556 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of PROS by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker’s stock worth $672,000 after purchasing an additional 1,646 shares during the period. US Bancorp DE increased its position in shares of PROS by 11.1% during the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after purchasing an additional 1,841 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in PROS by 17.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker’s stock valued at $306,000 after buying an additional 2,023 shares during the period. Finally, Quadrature Capital Ltd lifted its position in 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 during the last quarter. 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.