Shares of PROS (NYSE:PRO) have earned an average rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $33.20.
Several brokerages recently issued reports on PRO. Zacks Investment Research raised PROS from a “sell” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC lifted their target price on PROS to $40.00 and gave the company a “strong-buy” rating in a research report on Monday, March 5th. ValuEngine raised PROS from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, DA Davidson began coverage on PROS in a research report on Friday, February 2nd. They set a “neutral” rating and a $28.00 target price on the stock.
Shares of NYSE:PRO traded down $0.10 during mid-day trading on Wednesday, hitting $32.90. 79,821 shares of the company traded hands, compared to its average volume of 222,021. The stock has a market cap of $1,044.45, a price-to-earnings ratio of -21.50 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of -4.54. PROS has a 12-month low of $21.36 and a 12-month high of $34.91.
PROS (NYSE:PRO) last announced its earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The company had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $44.68 million. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.21) EPS. equities research analysts expect that PROS will post -1.27 earnings per share for the current year.
In related news, CEO Andres Reiner sold 20,000 shares of PROS stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $30.78, for a total transaction of $615,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald F. Woestemeyer sold 250,000 shares of PROS stock in a transaction on Monday, February 12th. The stock was sold at an average price of $31.00, for a total value of $7,750,000.00. The disclosure for this sale can be found here. Insiders have sold 535,000 shares of company stock worth $16,610,450 over the last quarter. 15.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of PRO. Whale Rock Capital Management LLC bought a new stake in PROS during the fourth quarter worth $16,094,000. DF Dent & Co. Inc. lifted its holdings in PROS by 16.6% during the third quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock worth $65,219,000 after acquiring an additional 385,329 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in PROS by 15.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,927,134 shares of the software maker’s stock worth $50,973,000 after acquiring an additional 262,888 shares during the period. Kennedy Capital Management Inc. lifted its holdings in PROS by 49.2% during the fourth quarter. Kennedy Capital Management Inc. now owns 791,907 shares of the software maker’s stock worth $20,946,000 after acquiring an additional 261,029 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in PROS by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 836,510 shares of the software maker’s stock worth $22,126,000 after acquiring an additional 235,463 shares during the period. Institutional investors and hedge funds own 98.26% of the company’s stock.
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PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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