PROS (NYSE:PRO) Cut to Hold at StockNews.com

PROS (NYSE:PRO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts have also recently commented on the company. Robert W. Baird reduced their price target on PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Oppenheimer decreased their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Bank of America reduced 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. KeyCorp dropped their target price on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Needham & Company LLC decreased their price target on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Stock Performance

PROS stock opened at $23.26 on Friday. The stock has a market cap of $1.10 billion, a PE ratio of -37.52 and a beta of 1.20. The stock has a fifty day moving average of $18.82 and a 200 day moving average of $24.03. PROS has a one year low of $16.64 and a one year high of $40.99.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. During the same period in the previous year, the business posted ($0.17) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that PROS will post -0.29 EPS for the current fiscal year.

Institutional Trading of PROS

A number of large investors have recently added to or reduced their stakes in PRO. Fred Alger Management LLC raised its stake in PROS by 14.7% during the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after purchasing an additional 373,982 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of PROS by 218.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after acquiring an additional 286,825 shares during the last quarter. Kopion Asset Management LLC grew its position in PROS by 60.0% in the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after acquiring an additional 173,168 shares in the last quarter. RGM Capital LLC increased its stake in PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after acquiring an additional 166,301 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares during the period. 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.