PROS Holdings, Inc. (NYSE:PRO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of PROS Holdings, Inc. (NYSE:PRO) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.00.

A number of research analysts have recently commented on PRO shares. KeyCorp upped their price target on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Robert W. Baird upped their price target on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus upped their price target on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th.

PROS Stock Performance

PRO opened at $21.17 on Thursday. The business has a 50 day moving average price of $24.08 and a 200 day moving average price of $21.88. PROS has a twelve month low of $16.64 and a twelve month high of $38.71. The firm has a market cap of $1.01 billion, a P/E ratio of -48.11 and a beta of 1.14.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). As a group, analysts anticipate that PROS will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in shares of PROS by 570.5% during the third quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker’s stock worth $4,929,000 after purchasing an additional 226,443 shares during the period. Barclays PLC raised its position in shares of PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after purchasing an additional 184,856 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of PROS by 3,489.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker’s stock worth $4,970,000 after buying an additional 260,886 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of PROS by 262.2% during the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock worth $586,000 after buying an additional 22,903 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of PROS during the third quarter worth about $17,921,000. Institutional investors and hedge funds 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.