PROS (NYSE:PRO) Stock Rating Lowered by StockNews.com

PROS (NYSE:PRO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other research analysts also recently issued reports on PRO. Robert W. Baird cut their price objective on shares of PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. KeyCorp cut their price target on shares of PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Craig Hallum decreased their price objective on PROS from $32.00 to $31.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Oppenheimer dropped their target price on PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of PROS in a research report on Monday, September 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

PROS Stock Up 1.8 %

PROS stock opened at $18.28 on Tuesday. PROS has a twelve month low of $16.64 and a twelve month high of $40.99. The business has a fifty day moving average of $18.85 and a two-hundred day moving average of $26.31. The firm has a market cap of $859.00 million, a P/E ratio of -17.40 and a beta of 1.21.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $82.01 million for the quarter, compared to analysts’ expectations of $81.38 million. During the same quarter last year, the company earned ($0.24) earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts expect that PROS will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On PROS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its stake in shares of PROS by 2.6% in the fourth quarter. Nomura Holdings Inc. now owns 415,701 shares of the software maker’s stock worth $16,125,000 after purchasing an additional 10,341 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PROS by 82.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 128,453 shares of the software maker’s stock valued at $4,667,000 after acquiring an additional 57,945 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after acquiring an additional 484 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of PROS in the first quarter worth $646,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of PROS in the first quarter worth $532,000. 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.