PROS Holdings, Inc. (NYSE:PRO) Given Average Recommendation of “Buy” by Brokerages

PROS Holdings, Inc. (NYSE:PRO) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.63.

PRO has been the topic of a number of research analyst reports. Northland Securities restated an “outperform” rating and issued a $38.00 target price (down previously from $40.00) on shares of PROS in a research report on Wednesday, October 30th. StockNews.com downgraded PROS from a “buy” rating to a “hold” rating in a research report on Friday. Needham & Company LLC reduced their target price on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. KeyCorp dropped their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America dropped their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th.

PROS Stock Performance

Shares of PROS stock opened at $23.26 on Friday. PROS has a one year low of $16.64 and a one year high of $40.99. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -37.52 and a beta of 1.20. The business’s 50 day moving average price is $18.82 and its 200 day moving average price is $24.03.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $82.32 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that PROS will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in PROS during the 1st quarter worth $1,291,000. Vanguard Group Inc. grew its stake in PROS by 3.0% during the 1st 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 in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in PROS by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after purchasing an additional 84,591 shares in the last quarter. Inspire Advisors LLC acquired a new position in PROS during the 1st quarter worth $775,000. Finally, RGM Capital LLC boosted its position in shares of 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 acquiring an additional 166,301 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.