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

PROS (NYSE:PRO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other analysts have also issued reports on the company. Oppenheimer lowered their target price on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Stifel Nicolaus reduced 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. KeyCorp reduced their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday. Robert W. Baird reduced their price objective on PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.63.

PROS Stock Performance

Shares of PROS stock traded up $1.48 during midday trading on Wednesday, reaching $20.86. 1,554,695 shares of the company’s stock traded hands, compared to its average volume of 458,090. The company has a market cap of $984.80 million, a price-to-earnings ratio of -22.67 and a beta of 1.21. The company’s 50 day simple moving average is $18.54 and its 200 day simple moving average is $24.47. PROS has a 52 week low of $16.64 and a 52 week high of $40.99.

PROS (NYSE:PRO) last released its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned ($0.24) EPS. As a group, equities research analysts predict that PROS will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS during the second quarter worth $29,000. Quarry LP acquired a new position in shares of PROS in the second quarter valued at $38,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of PROS by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after purchasing an additional 2,393 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of PROS by 9.1% in the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after purchasing an additional 484 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of PROS in the second quarter valued at $210,000. 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.