PROS (NYSE:PRO) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of PROS (NYSE:PRO – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the software maker’s stock.

Several other analysts have also weighed in on PRO. Needham & Company LLC restated a buy rating and issued a $35.00 price objective on shares of PROS in a report on Wednesday, March 8th. Robert W. Baird upped their price objective on PROS from $32.00 to $34.00 and gave the company an outperform rating in a report on Friday, February 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $36.00.

PROS Price Performance

NYSE:PRO opened at $26.08 on Thursday. PROS has a 1 year low of $18.08 and a 1 year high of $35.12. The business has a fifty day moving average of $26.10 and a 200-day moving average of $24.68.

PROS (NYSE:PRO – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The software maker reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.15. The business had revenue of $70.94 million during the quarter, compared to the consensus estimate of $69.17 million. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.38) EPS. Analysts forecast that PROS will post -0.86 earnings per share for the current year.

Insider Activity at PROS

In related news, CAO Scott William Cook sold 3,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $30.31, for a total transaction of $90,930.00. Following the transaction, the chief accounting officer now directly owns 41,833 shares of the company’s stock, valued at $1,267,958.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PRO. Raymond James & Associates increased its position in PROS by 28.7% in the 1st quarter. Raymond James & Associates now owns 26,740 shares of the software maker’s stock worth $891,000 after purchasing an additional 5,962 shares during the last quarter. Bank of New York Mellon Corp increased its position in PROS by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 150,248 shares of the software maker’s stock worth $5,005,000 after purchasing an additional 1,551 shares during the last quarter. US Bancorp DE increased its position in PROS by 11.7% in the 1st quarter. US Bancorp DE now owns 18,237 shares of the software maker’s stock worth $608,000 after purchasing an additional 1,912 shares during the last quarter. PNC Financial Services Group Inc. increased its position in PROS by 20.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,397 shares of the software maker’s stock worth $112,000 after purchasing an additional 576 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of PROS by 39.4% during the 1st quarter. MetLife Investment Management LLC now owns 21,261 shares of the software maker’s stock valued at $708,000 after acquiring an additional 6,014 shares during the last quarter. 96.21% of the stock is owned by institutional investors and hedge funds.

About PROS

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PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.