Shares of PROS Holdings, Inc. (NYSE:PRO) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $37.27 and last traded at $37.00, with a volume of 1011 shares. The stock had previously closed at $36.47.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of PROS from a “sell” rating to a “hold” rating in a research note on Thursday. Northland Securities upgraded shares of PROS from a “market perform” rating to an “outperform” rating in a research report on Friday, June 1st. DA Davidson raised their price objective on shares of PROS to $31.00 and gave the company a “neutral” rating in a research report on Friday, May 18th. They noted that the move was a valuation call. KeyCorp initiated coverage on shares of PROS in a research report on Tuesday, May 8th. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, Needham & Company LLC raised their price objective on shares of PROS to $40.00 and gave the company a “strong-buy” rating in a research report on Monday, March 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.86.
The company has a debt-to-equity ratio of -4.24, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -23.90 and a beta of 1.25.
PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, April 26th. The software maker reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The company had revenue of $47.91 million for the quarter, compared to analysts’ expectations of $46.06 million. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.24) EPS. analysts forecast that PROS Holdings, Inc. will post -1.34 earnings per share for the current year.
In other news, CEO Andres Reiner sold 15,000 shares of the firm’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $33.52, for a total transaction of $502,800.00. Following the sale, the chief executive officer now owns 470,074 shares in the company, valued at approximately $15,756,880.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in PROS by 17.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 128,721 shares of the software maker’s stock worth $3,405,000 after purchasing an additional 18,982 shares during the period. BlackRock Inc. raised its position in PROS by 1.3% in the 4th quarter. BlackRock Inc. now owns 1,714,104 shares of the software maker’s stock worth $45,339,000 after purchasing an additional 21,518 shares during the period. Kennedy Capital Management Inc. raised its position in PROS by 49.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 791,907 shares of the software maker’s stock worth $20,946,000 after purchasing an additional 261,029 shares during the period. Brown Advisory Inc. raised its position in PROS by 37.2% in the 4th quarter. Brown Advisory Inc. now owns 107,017 shares of the software maker’s stock worth $2,831,000 after purchasing an additional 29,039 shares during the period. Finally, Geode Capital Management LLC raised its position in PROS by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 215,898 shares of the software maker’s stock worth $5,710,000 after purchasing an additional 1,832 shares during the period.
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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