PROS (NYSE:PRO) Stock Rating Lowered by Oppenheimer

PROS (NYSE:PRO) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, MarketBeat reports.

Several other equities analysts have also weighed in on the stock. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Needham & Company LLC reduced their price target on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. KeyCorp dropped their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Northland Securities restated an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PROS currently has a consensus rating of “Moderate Buy” and an average price target of $31.88.

PROS Price Performance

PRO opened at $22.32 on Thursday. The stock has a market capitalization of $1.06 billion, a P/E ratio of -35.99 and a beta of 1.21. The company’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $21.38. PROS has a one year low of $16.64 and a one year high of $38.71.

PROS (NYSE:PRO) last released its earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted ($0.17) earnings per share. As a group, analysts anticipate that PROS will post -0.29 EPS for the current year.

Hedge Funds Weigh In On PROS

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PROS during the 2nd quarter worth approximately $29,000. Quarry LP bought a new stake in PROS in the 2nd quarter valued at $38,000. The Manufacturers Life Insurance Company boosted its stake in PROS by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker’s stock worth $672,000 after purchasing an additional 1,646 shares during the period. Quadrature Capital Ltd increased its holdings in PROS by 19.3% during the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of PROS by 23.8% in the 2nd quarter. Inspire Investing LLC now owns 12,315 shares of the software maker’s stock valued at $353,000 after purchasing an additional 2,364 shares during the period. 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.