PROS (NYSE:PRO) Upgraded at StockNews.com

PROS (NYSE:PRO) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other brokerages also recently commented on PRO. Oppenheimer reduced their target price on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Bank of America reduced their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Robert W. Baird lowered their target price on PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Needham & Company LLC reduced their price target on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Northland Securities restated an “outperform” rating and issued a $38.00 target price (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $31.63.

PROS Stock Performance

PROS stock opened at $22.74 on Friday. PROS has a 52-week low of $16.64 and a 52-week high of $40.99. The firm has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $23.56. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -36.67 and a beta of 1.20.

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

Hedge Funds Weigh In On PROS

Hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS in the 2nd quarter worth approximately $29,000. Quarry LP bought a new stake in PROS during the 2nd quarter valued at $38,000. Sequoia Financial Advisors LLC bought a new stake in PROS during the 2nd quarter valued at $210,000. ProShare Advisors LLC raised its holdings in PROS by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock valued at $292,000 after acquiring an additional 632 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in PROS during the 1st quarter valued at $298,000. Institutional investors own 94.27% of the company’s stock.

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.