PROS Holdings, Inc. (NYSE:PRO) Receives $32.00 Consensus Price Target from Brokerages

PROS Holdings, Inc. (NYSE:PRO) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.00.

Several analysts have issued reports on PRO shares. Northland Securities reaffirmed an “outperform” rating and issued a $38.00 price target (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. KeyCorp boosted their price target on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 30th.

PROS Stock Performance

Shares of PRO stock opened at $26.34 on Friday. The stock has a fifty day moving average price of $23.78 and a 200 day moving average price of $21.42. The stock has a market cap of $1.25 billion, a PE ratio of -59.86 and a beta of 1.22. PROS has a 1 year low of $16.64 and a 1 year high of $38.71.

PROS (NYSE:PRO) last released its quarterly 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). As a group, equities research analysts predict that PROS will post -0.2 earnings per share for the current year.

Insider Transactions at PROS

In related news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On PROS

A number of large investors have recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS during the 4th quarter worth $30,000. Ancora Advisors LLC purchased a new stake in PROS during the fourth quarter valued at about $33,000. Quadrant Capital Group LLC increased its stake in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after acquiring an additional 926 shares during the last quarter. Comerica Bank raised its holdings in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after purchasing an additional 1,140 shares during the period. Finally, Quarry LP lifted its stake in shares of PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker’s stock valued at $127,000 after purchasing an additional 4,959 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.