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

Shares of PROS Holdings, Inc. (NYSE:PRO) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.86.

Several analysts recently commented on PRO shares. Robert W. Baird reduced their target price on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Craig Hallum reduced their target price on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of PROS in a report on Monday, September 9th. Stifel Nicolaus dropped their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America dropped their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th.

PROS Price Performance

Shares of PRO opened at $17.81 on Thursday. The firm has a 50-day moving average of $20.91 and a 200-day moving average of $28.17. PROS has a one year low of $16.64 and a one year high of $40.99. The company has a market cap of $840.81 million, a PE ratio of -16.96 and a beta of 1.20.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million for the quarter, compared to the consensus estimate of $81.38 million. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) EPS. Analysts expect that PROS will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On PROS

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of PROS by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after buying an additional 144,729 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of PROS by 0.7% in the 1st quarter. Conestoga Capital Advisors LLC now owns 3,271,719 shares of the software maker’s stock valued at $118,862,000 after buying an additional 21,675 shares in the last quarter. RGM Capital LLC raised its position in shares of PROS by 5.9% in the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after buying an additional 166,301 shares in the last quarter. Fred Alger Management LLC raised its position in shares of PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after buying an additional 373,982 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of PROS by 12.4% in the 4th quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock valued at $29,802,000 after buying an additional 84,678 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.