PROS (NYSE:PRO) Shares Down 5.2% – Time to Sell?

PROS Holdings, Inc. (NYSE:PRO) shares dropped 5.2% during mid-day trading on Monday . The stock traded as low as $18.50 and last traded at $18.65. Approximately 92,090 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 454,047 shares. The stock had previously closed at $19.68.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of PROS in a report on Monday, September 9th. Craig Hallum lowered their price objective 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. Oppenheimer reduced their target price 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. KeyCorp lowered their price target on shares of PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.86.

PROS Trading Down 5.3 %

The business’s fifty day simple moving average is $18.59 and its 200 day simple moving average is $25.41. The stock has a market cap of $876.15 million, a price-to-earnings ratio of -17.69 and a beta of 1.21.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS 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 analyst estimates of $81.38 million. During the same period last year, the firm earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that PROS Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fred Alger Management LLC increased its stake in PROS by 14.7% in the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after purchasing an additional 373,982 shares in the last quarter. Kopion Asset Management LLC raised its stake in PROS by 60.0% during the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after buying an additional 173,168 shares during the period. RGM Capital LLC raised its stake in PROS by 5.9% during the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after buying an additional 166,301 shares during the period. Vanguard Group Inc. lifted its holdings in PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after acquiring an additional 144,729 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in PROS in the second quarter valued at about $2,472,000. Institutional investors 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.