PROS Holdings, Inc. (NYSE:PRO) Receives $31.88 Average PT from Brokerages

PROS Holdings, Inc. (NYSE:PRO) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $31.88.

Several research analysts have commented on the company. Oppenheimer lowered their target price on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Needham & Company LLC dropped their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. KeyCorp cut their target price on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, October 30th. Finally, Northland Securities reissued an “outperform” rating and set a $38.00 price objective (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the second quarter valued at about $29,000. Quarry LP acquired a new stake in PROS during the 2nd quarter valued at approximately $38,000. Intech Investment Management LLC bought a new position in PROS during the 3rd quarter worth approximately $204,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after purchasing an additional 2,393 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of PROS by 29.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock valued at $221,000 after purchasing an additional 2,700 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

PROS Trading Up 0.5 %

Shares of NYSE:PRO opened at $21.96 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of -35.42 and a beta of 1.21. The firm has a 50 day moving average of $22.62 and a 200-day moving average of $21.86. PROS has a 12 month low of $16.64 and a 12 month high of $38.71.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts predict that PROS will post -0.29 EPS for the current fiscal year.

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.