PROS (NYSE:PRO) PT Lowered to $32.00 at Stifel Nicolaus

PROS (NYSE:PRO) had its price target decreased by Stifel Nicolaus from $40.00 to $32.00 in a report published on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

Other equities analysts have also recently issued research reports about the company. Oppenheimer dropped their price objective on PROS from $42.00 to $31.00 and set an outperform rating for the company in a report on Wednesday. Robert W. Baird lowered their target price on shares of PROS from $45.00 to $35.00 and set an outperform rating for the company in a research note on Wednesday. Craig Hallum reduced their price target on shares of PROS from $32.00 to $31.00 and set a hold rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC reissued a buy rating and issued a $40.00 price objective on shares of PROS in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $34.17.

PROS Stock Down 3.9 %

PRO stock opened at $22.64 on Wednesday. The firm’s fifty day simple moving average is $26.89 and its two-hundred day simple moving average is $31.98. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -21.56 and a beta of 1.21. PROS has a twelve month low of $21.88 and a twelve month high of $40.99.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million during the quarter, compared to analysts’ expectations of $81.38 million. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned ($0.24) earnings per share. As a group, equities research analysts expect that PROS will post -0.5 EPS for the current year.

Insider Buying and Selling

In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $186,180.00. Following the transaction, the chief financial officer now owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other PROS news, Director Leland Jourdan sold 2,162 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $67,086.86. Following the completion of the transaction, the director now directly owns 13,313 shares in the company, valued at $413,102.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $186,180.00. Following the completion of the sale, the chief financial officer now owns 258,327 shares in the company, valued at $8,015,886.81. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On PROS

A number of hedge funds and other institutional investors have recently bought and sold shares of PRO. Assenagon Asset Management S.A. grew its stake in PROS by 1.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 68,851 shares of the software maker’s stock worth $2,671,000 after buying an additional 1,157 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PROS by 0.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 519,814 shares of the software maker’s stock worth $20,164,000 after acquiring an additional 4,667 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of PROS by 1,874.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 70,508 shares of the software maker’s stock valued at $2,735,000 after acquiring an additional 66,937 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of PROS by 0.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,250,044 shares of the software maker’s stock valued at $126,069,000 after purchasing an additional 23,765 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PROS by 12.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,172 shares of the software maker’s stock worth $356,000 after purchasing an additional 1,013 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.