PROS (NYSE:PRO) Downgraded by Zacks Investment Research

PROS (NYSE:PRO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, December 27th.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

Other research analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price target on shares of PROS in a research report on Tuesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price target on shares of PROS in a research report on Sunday, October 8th. Finally, ValuEngine downgraded shares of PROS from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.60.

Shares of PROS (NYSE:PRO) opened at $28.66 on Wednesday. PROS has a fifty-two week low of $20.34 and a fifty-two week high of $30.49. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94. The company has a market cap of $914.45, a P/E ratio of -11.28 and a beta of 1.52.

PROS (NYSE:PRO) last issued its earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The company had revenue of $41.94 million during the quarter, compared to analysts’ expectations of $41.07 million. During the same quarter in the prior year, the business posted ($0.19) EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts forecast that PROS will post -1.48 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Daruma Capital Management LLC increased its holdings in PROS by 2,559.7% in the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after acquiring an additional 1,362,746 shares during the last quarter. FMR LLC bought a new stake in PROS in the 2nd quarter valued at $13,853,000. Riverbridge Partners LLC increased its holdings in PROS by 20.2% in the 3rd quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock valued at $62,889,000 after acquiring an additional 437,522 shares during the last quarter. DF Dent & Co. Inc. increased its holdings in PROS by 16.6% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock valued at $65,219,000 after acquiring an additional 385,329 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in PROS by 10.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,664,246 shares of the software maker’s stock valued at $40,158,000 after acquiring an additional 160,585 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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About PROS

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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