PROS Holdings, Inc. (NYSE:PRO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of PROS Holdings, Inc. (NYSE:PRO) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.86.

Several analysts have issued reports on the company. Craig Hallum cut their price objective on PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Robert W. Baird lowered their price objective on shares of PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Stifel Nicolaus lowered their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. KeyCorp reduced their target price on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Bank of America lowered their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new stake in PROS during the first quarter worth about $1,291,000. Vanguard Group Inc. raised its position in PROS by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in PROS by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after purchasing an additional 84,591 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of PROS by 12.4% during the fourth quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock worth $29,802,000 after purchasing an additional 84,678 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of PROS in the first quarter valued at $775,000. Institutional investors own 94.27% of the company’s stock.

PROS Stock Down 1.1 %

NYSE:PRO opened at $18.40 on Thursday. The firm’s fifty day simple moving average is $20.41 and its 200-day simple moving average is $27.68. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The stock has a market cap of $864.87 million, a PE ratio of -17.52 and a beta of 1.20.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $82.01 million for the quarter, compared to analysts’ expectations of $81.38 million. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) EPS. Equities analysts anticipate that PROS will post -0.43 earnings per share for the current year.

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.