PROS’s (PRO) Buy Rating Reiterated at Needham & Company LLC

PROS (NYSE:PRO)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They presently have a $30.00 price target on the software maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 20.55% from the stock’s previous close.

Several other research firms have also recently commented on PRO. Northland Securities restated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.88.

PROS Trading Down 1.6 %

Shares of PROS stock opened at $24.89 on Friday. The company’s 50-day moving average price is $23.22 and its 200-day moving average price is $21.26. PROS has a 12-month low of $16.64 and a 12-month high of $38.71. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -40.14 and a beta of 1.22.

PROS (NYSE:PRO) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, sell-side analysts predict that PROS will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On PROS

A number of hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in PROS in the 3rd quarter worth $204,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of PROS by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after purchasing an additional 2,393 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of PROS by 29.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after buying an additional 2,700 shares during the period. Quadrature Capital Ltd raised 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 valued at $233,000 after buying an additional 2,034 shares during the last quarter. Finally, Creative Planning bought a new stake in PROS in the 3rd quarter worth $249,000. 94.27% of the stock is currently owned by institutional investors.

About PROS

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.