Northland Securities Reiterates Outperform Rating for PROS (NYSE:PRO)

PROS (NYSE:PRO)‘s stock had its “outperform” rating restated by research analysts at Northland Securities in a note issued to investors on Wednesday, Benzinga reports. They presently have a $38.00 price target on the software maker’s stock, down from their previous price target of $40.00. Northland Securities’ price target points to a potential upside of 91.92% from the stock’s previous close.

Several other brokerages also recently commented on PRO. Bank of America cut their price objective on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Oppenheimer lowered their target price on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Wednesday. Finally, Needham & Company LLC lowered their target price on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.63.

PROS Stock Performance

NYSE PRO opened at $19.80 on Wednesday. The company has a market cap of $934.68 million, a P/E ratio of -31.94 and a beta of 1.21. The business’s 50 day moving average price is $18.54 and its 200-day moving average price is $24.47. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned ($0.24) EPS. As a group, equities analysts predict that PROS will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PRO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the second quarter valued at about $29,000. Quarry LP acquired a new position in shares of PROS in the second quarter valued at about $38,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of PROS by 27.4% in the third 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 during the period. Principal Financial Group Inc. increased its holdings in shares of PROS by 9.1% in the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after purchasing an additional 484 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of PROS in the second quarter valued at about $210,000. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Company Profile

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.