PROS (NYSE:PRO) Shares Up 6.2%

Shares of PROS Holdings, Inc. (NYSE:PRO) rose 6.2% during mid-day trading on Tuesday . The company traded as high as $18.51 and last traded at $18.37. Approximately 829,184 shares were traded during trading, an increase of 83% from the average daily volume of 453,228 shares. The stock had previously closed at $17.30.

Analyst Ratings Changes

Several research firms have recently commented on PRO. Oppenheimer reduced their price objective on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Craig Hallum dropped their price target on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Monday, August 5th. KeyCorp cut their price target on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Robert W. Baird lowered their price objective on PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.86.

PROS Stock Performance

The firm has a market cap of $868.66 million, a P/E ratio of -17.31 and a beta of 1.20. The firm’s fifty day simple moving average is $21.04 and its 200 day simple moving average is $28.30.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million for the quarter, compared to the consensus estimate of $81.38 million. During the same period in the previous year, the company posted ($0.24) earnings per share. PROS’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts predict that PROS Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On PROS

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new position in shares of PROS in the 1st quarter valued at about $1,291,000. Vanguard Group Inc. raised its position in PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of PROS by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock valued at $17,226,000 after purchasing an additional 84,591 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of PROS by 12.4% in the 4th quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock worth $29,802,000 after purchasing an additional 84,678 shares during the period. Finally, Inspire Advisors LLC bought a new position in shares of PROS during the 1st quarter valued at approximately $775,000. 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.