PROS (NYSE:PRO) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of PROS Holdings, Inc. (NYSE:PRO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.64 and traded as high as $21.78. PROS shares last traded at $21.75, with a volume of 540,026 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, October 30th. KeyCorp cut their target price on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Needham & Company LLC lowered 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. Finally, Oppenheimer cut their price objective on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, PROS presently has a consensus rating of “Buy” and an average price target of $31.88.

PROS Stock Performance

The stock has a market cap of $1.03 billion, a PE ratio of -35.08 and a beta of 1.21. The stock has a fifty day moving average price of $22.88 and a 200 day moving average price of $21.64.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 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 analysts’ expectations of $82.32 million. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

Large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS during the second quarter worth $29,000. Quarry LP bought a new stake in PROS during the 2nd quarter valued at about $38,000. Intech Investment Management LLC bought a new stake in PROS during the 3rd quarter valued at about $204,000. Hennion & Walsh Asset Management Inc. boosted its position in PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in PROS by 29.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after acquiring an additional 2,700 shares in the last quarter. Hedge funds and other 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.