Shares of PROS Holdings, Inc. (NYSE:PRO) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.20.
A number of equities research analysts have commented on the stock. Needham & Company LLC raised their price target on shares of PROS to $40.00 and gave the stock a “strong-buy” rating in a report on Monday, March 5th. Zacks Investment Research cut shares of PROS from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, DA Davidson initiated coverage on shares of PROS in a report on Friday, February 2nd. They set a “neutral” rating and a $28.00 price objective for the company.
PROS (PRO) traded down $0.25 during trading hours on Friday, reaching $33.11. 145,656 shares of the company’s stock were exchanged, compared to its average volume of 245,008. The company has a debt-to-equity ratio of -4.54, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $1,097.67, a PE ratio of -13.51 and a beta of 1.27. PROS has a 1-year low of $21.36 and a 1-year high of $34.85.
PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. The company had revenue of $46.34 million during the quarter, compared to analyst estimates of $44.68 million. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. research analysts forecast that PROS will post -1.27 EPS for the current year.
In other news, Director Ronald F. Woestemeyer sold 250,000 shares of PROS stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $31.00, for a total transaction of $7,750,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andres Reiner sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $30.78, for a total transaction of $615,600.00. The disclosure for this sale can be found here. Insiders have sold 535,000 shares of company stock valued at $16,610,450 over the last quarter. Corporate insiders own 18.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. DF Dent & Co. Inc. boosted its holdings in PROS by 7.5% during the fourth quarter. DF Dent & Co. Inc. now owns 2,905,073 shares of the software maker’s stock worth $76,839,000 after purchasing an additional 202,273 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in PROS during the fourth quarter worth about $287,000. Whale Rock Capital Management LLC purchased a new position in PROS during the fourth quarter worth about $16,094,000. Teachers Advisors LLC raised its position in PROS by 14.8% in the fourth quarter. Teachers Advisors LLC now owns 54,034 shares of the software maker’s stock worth $1,429,000 after acquiring an additional 6,973 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in PROS by 20.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 692,378 shares of the software maker’s stock worth $18,313,000 after acquiring an additional 116,355 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.
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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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