PROS (NYSE:PRO) Raised to Buy at StockNews.com

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of PROS in a research report on Wednesday, July 31st. Stifel Nicolaus decreased their price objective on shares of PROS from $40.00 to $32.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird decreased 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 decreased their price objective on shares of PROS from $43.00 to $36.00 and set an overweight rating on the stock in a research report on Wednesday, July 31st. Finally, Oppenheimer decreased their price objective on shares of PROS from $42.00 to $31.00 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 six have given a buy rating to the company. According to MarketBeat, PROS presently has an average rating of Moderate Buy and a consensus price target of $34.17.

PROS Stock Performance

Shares of NYSE PRO opened at $20.07 on Monday. The firm has a market capitalization of $943.37 million, a P/E ratio of -19.11 and a beta of 1.21. PROS has a one year low of $19.39 and a one year high of $40.99. The company’s fifty day moving average is $26.02 and its two-hundred day moving average is $31.59.

PROS (NYSE:PRO) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate 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. PROS’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. On average, sell-side analysts forecast that PROS will post -0.5 earnings per share for the current fiscal year.

Insider Activity at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the completion of the transaction, the chief financial officer now owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Leland Jourdan sold 2,162 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $67,086.86. Following the completion of the transaction, the director now owns 13,313 shares of the company’s stock, valued at approximately $413,102.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $186,180.00. Following the transaction, the chief financial officer now directly owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of PROS by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after acquiring an additional 144,729 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of PROS by 0.7% during the 1st quarter. Conestoga Capital Advisors LLC now owns 3,271,719 shares of the software maker’s stock valued at $118,862,000 after acquiring an additional 21,675 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of PROS by 11.4% during the 4th quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker’s stock valued at $109,171,000 after acquiring an additional 287,338 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of PROS by 12.4% during the 4th quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock valued at $29,802,000 after acquiring an additional 84,678 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of PROS by 7.9% during the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after acquiring an additional 54,607 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.