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

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

Several other equities analysts have also issued reports on the company. Northland Securities reaffirmed an “outperform” rating and set a $38.00 price target (down previously from $40.00) on shares of PROS in a research note on Wednesday. Stifel Nicolaus cut their price target on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Oppenheimer cut their price target on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Bank of America cut their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.63.

PROS Stock Performance

Shares of PRO stock opened at $20.97 on Wednesday. The stock’s fifty day moving average is $18.60 and its 200-day moving average is $24.34. The stock has a market capitalization of $992.09 million, a PE ratio of -33.82 and a beta of 1.21. PROS has a 52 week low of $16.64 and a 52 week high of $40.99.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. PROS’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, analysts forecast that PROS will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PROS

A number of hedge funds have recently modified their holdings of PRO. Fred Alger Management LLC raised its position in shares of PROS by 14.7% during the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after purchasing an additional 373,982 shares during the period. Assenagon Asset Management S.A. raised its position in shares of PROS by 218.6% during the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock worth $7,742,000 after purchasing an additional 286,825 shares during the period. Kopion Asset Management LLC raised its position in shares of PROS by 60.0% during the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after purchasing an additional 173,168 shares during the period. RGM Capital LLC raised its position in shares of PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after purchasing an additional 166,301 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 144,729 shares during the period. Institutional investors and hedge funds 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.