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

PROS Holdings, Inc. (NYSE:PRO) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are 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 12-month price objective among analysts that have issued a report on the stock in the last year is $32.00.

PRO has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th. Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. KeyCorp increased their price objective on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of PROS in a report on Friday, February 7th. Finally, Robert W. Baird increased their price target on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th.

PROS Stock Up 2.2 %

Shares of NYSE:PRO opened at $20.98 on Thursday. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $38.71. The company has a market cap of $997.98 million, a PE ratio of -47.68 and a beta of 1.14. The company’s 50-day moving average price is $23.96 and its 200 day moving average price is $21.92.

PROS (NYSE:PRO) last issued its quarterly earnings data 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 analysts anticipate that PROS will post -0.2 EPS for the current year.

Insider Buying and Selling

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PROS

Several hedge funds have recently made changes to their positions in the company. PharVision Advisers LLC purchased a new stake in shares of PROS in the fourth quarter valued at $540,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in PROS by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,987 shares of the software maker’s stock valued at $2,525,000 after buying an additional 14,216 shares during the period. State of Wyoming lifted its stake in PROS by 226.5% in the 4th quarter. State of Wyoming now owns 6,850 shares of the software maker’s stock worth $150,000 after acquiring an additional 4,752 shares in the last quarter. SG Capital Management LLC acquired a new stake in PROS during the 4th quarter worth about $2,144,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS during the 4th quarter valued at about $30,000. 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.