PROS (NYSE:PRO) Stock Rating Upgraded by StockNews.com

PROS (NYSE:PRO) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

PRO has been the subject of several other research reports. Oppenheimer cut their target price on shares of PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Stifel Nicolaus cut their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird decreased their target price on shares of PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Bank of America cut their price target on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Finally, Craig Hallum reduced their price target on PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, PROS has a consensus rating of “Moderate Buy” and an average target price of $34.86.

PROS Price Performance

PRO stock opened at $18.68 on Wednesday. The company’s 50 day simple moving average is $18.60 and its 200-day simple moving average is $25.76. PROS has a 12 month low of $16.64 and a 12 month high of $40.99. The firm has a market capitalization of $877.80 million, a PE ratio of -17.79 and a beta of 1.21.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to analysts’ expectations of $81.38 million. PROS’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) EPS. As a group, sell-side analysts anticipate that PROS will post -0.43 earnings per share for the current year.

Institutional Trading of PROS

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in PROS in the second quarter valued at $29,000. Quarry LP acquired a new position in shares of PROS in the 2nd quarter valued at about $38,000. Principal Financial Group Inc. grew its holdings in shares of PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock worth $210,000 after purchasing an additional 484 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in PROS during the 2nd quarter worth approximately $210,000. Finally, ProShare Advisors LLC raised its holdings in PROS by 8.5% in the first quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock valued at $292,000 after buying an additional 632 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

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.