PROS’s (PRO) “Buy” Rating Reiterated at Northland Securities

PROS (NYSE:PRO)‘s stock had its “buy” rating restated by stock analysts at Northland Securities in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $55.00 price target on the software maker’s stock. Northland Securities’ price objective would suggest a potential upside of 3.87% from the company’s previous close.

The analysts wrote, “We attended the PROS user conf and came away feeling the fundamental demand for the product, and migration from on the on-prem to the SaaS hosted model continues. Management also held an analyst day as part of the conf which reiterated strategy of broadening the product line, customer service and growth. Margin improvement is important but growth takes priority.””

Several other equities research analysts have also issued reports on the stock. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and raised their target price for the stock from $36.00 to $60.00 in a report on Friday, April 26th. Royal Bank of Canada raised their target price on shares of PROS to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. Needham & Company LLC raised their target price on shares of PROS from $50.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Friday, April 26th. JMP Securities restated a “market perform” rating on shares of PROS in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of PROS from $42.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. PROS currently has a consensus rating of “Buy” and an average target price of $52.20.

PROS stock opened at $52.95 on Friday. The stock has a market capitalization of $1.96 billion, a PE ratio of -48.58 and a beta of 1.27. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.15 and a quick ratio of 1.15. PROS has a 12-month low of $28.18 and a 12-month high of $54.31.

PROS (NYSE:PRO) last released its earnings results on Thursday, April 25th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $56.10 million during the quarter, compared to analyst estimates of $54.66 million. PROS had a negative net margin of 30.36% and a negative return on equity of 188.83%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) EPS. Research analysts forecast that PROS will post -0.86 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in PRO. SQN Investors LP bought a new stake in PROS during the 4th quarter valued at about $16,347,000. Primecap Management Co. CA lifted its holdings in PROS by 17.9% during the 1st quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock valued at $140,254,000 after buying an additional 504,500 shares in the last quarter. Norges Bank bought a new stake in PROS during the 4th quarter valued at about $15,133,000. Vanguard Group Inc. lifted its holdings in PROS by 18.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after buying an additional 247,315 shares in the last quarter. Finally, Monarch Partners Asset Management LLC lifted its holdings in PROS by 106.5% during the 4th quarter. Monarch Partners Asset Management LLC now owns 446,066 shares of the software maker’s stock valued at $14,006,000 after buying an additional 230,021 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

PROS Company Profile

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Analyst Recommendations for PROS (NYSE:PRO)

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