PROS (NYSE:PRO) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a report released on Saturday, Zacks.com reports.

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 “

PRO has been the subject of a number of other research reports. Stifel Nicolaus lifted their price objective on shares of PROS from $60.00 to $83.00 and gave the company a buy rating in a report on Friday, July 26th. Bank of America initiated coverage on shares of PROS in a report on Monday, June 17th. They set a buy rating and a $75.00 price objective for the company. DA Davidson lifted their price objective on shares of PROS to $50.00 and gave the company a neutral rating in a report on Thursday, May 23rd. Northland Securities lifted their price objective on shares of PROS from $55.00 to $72.00 and gave the company an outperform rating in a report on Friday, July 26th. Finally, JMP Securities reiterated a market perform rating on shares of PROS in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. PROS currently has an average rating of Buy and a consensus price target of $71.18.

Shares of PRO opened at $73.11 on Friday. PROS has a 1-year low of $28.18 and a 1-year high of $75.39. The company has a 50-day moving average of $69.46 and a 200 day moving average of $53.39. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -67.07 and a beta of 1.13. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.21 and a quick ratio of 2.21.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The company had revenue of $63.88 million during the quarter, compared to analyst estimates of $61.41 million. During the same quarter last year, the business posted ($0.16) EPS. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. On average, equities analysts anticipate that PROS will post -0.83 earnings per share for the current fiscal year.

In other news, Director Timothy V. Williams sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total value of $73,050.00. Following the completion of the sale, the director now owns 107,373 shares in the company, valued at approximately $7,843,597.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas Dziersk sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $72.49, for a total transaction of $217,470.00. Following the completion of the sale, the executive vice president now owns 5,357 shares of the company’s stock, valued at approximately $388,328.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 781,973 shares of company stock valued at $56,423,109. Company insiders own 13.70% of the company’s stock.

Several large investors have recently bought and sold shares of PRO. Strs Ohio purchased a new position in shares of PROS in the 2nd quarter worth approximately $25,000. Icon Wealth Partners LLC purchased a new position in shares of PROS in the 1st quarter worth approximately $57,000. SRS Capital Advisors Inc. purchased a new position in shares of PROS in the 2nd quarter worth approximately $145,000. Aperio Group LLC purchased a new position in shares of PROS in the 2nd quarter worth approximately $168,000. Finally, Rational Advisors LLC purchased a new position in shares of PROS in the 2nd quarter worth approximately $188,000.

About PROS

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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