StockNews.com Upgrades PROS (NYSE:PRO) to Buy

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research report released on Thursday morning.

Several other research analysts have also issued reports on PRO. Needham & Company LLC reissued a buy rating and issued a $40.00 target price on shares of PROS in a research report on Monday, September 9th. Stifel Nicolaus lowered their price objective on PROS from $40.00 to $32.00 and set a buy rating for the company in a research report on Wednesday, July 31st. Bank of America reduced their target price on shares of PROS from $43.00 to $39.00 and set a buy rating on the stock in a research report on Tuesday, August 27th. Oppenheimer lowered their price target on shares of PROS from $42.00 to $31.00 and set an outperform rating for the company in a research report on Wednesday, July 31st. Finally, KeyCorp decreased their target price on shares of PROS from $43.00 to $36.00 and set an overweight rating for the company in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, PROS has a consensus rating of Moderate Buy and a consensus price target of $34.86.

PROS Stock Down 1.5 %

Shares of PROS stock opened at $18.85 on Thursday. The company has a market cap of $889.91 million, a PE ratio of -17.95 and a beta of 1.20. The business has a 50 day moving average of $19.95 and a 200 day moving average of $27.20. PROS has a 52 week low of $16.64 and a 52 week high of $40.99.

PROS (NYSE:PRO) last posted 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 during the quarter, compared to analysts’ expectations of $81.38 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts anticipate that PROS will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On PROS

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in PROS in the 4th quarter valued at approximately $12,436,000. Parallel Advisors LLC boosted its position in shares of PROS by 137.6% during the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock valued at $27,000 after buying an additional 406 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in 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 buying an additional 84,678 shares in the last quarter. S Squared Technology LLC purchased a new position in PROS in the 4th quarter worth about $1,959,000. Finally, Ghisallo Capital Management LLC bought a new position in PROS during the 4th quarter valued at about $1,831,000. 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.