PROS (NYSE:PRO) Upgraded to Buy at Craig Hallum

Craig Hallum upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research note published on Wednesday, MarketBeat.com reports. They currently have $31.00 target price on the software maker’s stock.

Several other brokerages have also issued reports on PRO. Oppenheimer cut their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of PROS in a research report on Monday, September 9th. Stifel Nicolaus dropped their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. KeyCorp dropped their price target on shares of PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Robert W. Baird dropped their price target on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.63.

PROS Stock Up 5.9 %

PRO opened at $20.97 on Wednesday. The firm has a 50 day moving average price of $18.60 and a 200-day moving average price of $24.34. The stock has a market capitalization of $992.09 million, a price-to-earnings ratio of -33.82 and a beta of 1.21. PROS has a twelve month low of $16.64 and a twelve month high of $40.99.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating 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. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. As a group, analysts expect that PROS will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On PROS

Several hedge funds have recently modified their holdings of PRO. Principal Financial Group Inc. lifted 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 worth $210,000 after buying an additional 484 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in PROS during the first quarter valued at $646,000. GSA Capital Partners LLP purchased a new stake in PROS during the first quarter valued at $532,000. SG Americas Securities LLC purchased a new stake in PROS during the first quarter valued at $307,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in PROS during the first quarter valued at $309,000. Hedge funds and other 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.