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

Shares of PROS Holdings, Inc. (NYSE:PRO) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.88.

PRO has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Needham & Company LLC lowered their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, October 30th. Finally, KeyCorp dropped their price target on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th.

PROS Price Performance

PROS stock opened at $24.86 on Wednesday. The business has a fifty day moving average price of $23.09 and a 200-day moving average price of $21.22. PROS has a 1-year low of $16.64 and a 1-year high of $38.71. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -40.09 and a beta of 1.21.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same period in the prior year, the business posted ($0.17) EPS. PROS’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that PROS will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stephens Inc. AR raised its position in PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock valued at $277,000 after acquiring an additional 1,556 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of PROS by 28.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after purchasing an additional 3,148 shares during the period. JPMorgan Chase & Co. boosted its holdings in PROS by 570.6% during the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock worth $7,360,000 after buying an additional 338,158 shares in the last quarter. Barclays PLC grew its position in PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after buying an additional 184,856 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in PROS in the third quarter valued at $694,000. Institutional investors and hedge funds 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.