PROS Holdings, Inc. (PRO) Updates Q4 Earnings Guidance

PROS Holdings, Inc. (NYSE:PRO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.20-0.17) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.18). The company issued revenue guidance of $44-45 million, compared to the consensus revenue estimate of $45.21 million.

PROS Holdings, Inc. (NYSE PRO) traded down 1.55% during trading on Thursday, reaching $24.73. The company had a trading volume of 300,154 shares. The firm’s 50 day moving average price is $24.63 and its 200 day moving average price is $26.29. PROS Holdings, Inc. has a 12-month low of $20.34 and a 12-month high of $30.49. The firm’s market capitalization is $786.12 million.

PROS Holdings (NYSE:PRO) last posted its earnings results on Monday, October 30th. The software maker reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The business had revenue of $41.94 million during the quarter, compared to the consensus estimate of $41.07 million. During the same quarter in the previous year, the firm posted ($0.19) EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that PROS Holdings, Inc. will post ($0.87) EPS for the current year.

A number of equities research analysts have recently issued reports on PRO shares. Needham & Company LLC reissued a buy rating and set a $35.00 price objective on shares of PROS Holdings in a research report on Tuesday. Stifel Nicolaus reissued a hold rating and set a $28.00 price objective on shares of PROS Holdings in a research report on Sunday, October 8th. Finally, Pacific Crest boosted their price objective on shares of PROS Holdings from $30.00 to $35.00 and gave the company an overweight rating in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $32.60.

In other news, CEO Andres Reiner sold 8,175 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $26.12, for a total transaction of $213,531.00. Following the completion of the sale, the chief executive officer now owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald F. Woestemeyer sold 50,000 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,350 shares of company stock valued at $2,296,808. Insiders own 17.20% of the company’s stock.

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About PROS Holdings

PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.

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