PROS (NYSE:PRO) Announces Quarterly Earnings Results

PROS (NYSE:PRO) posted its quarterly earnings data on Tuesday. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03, Briefing.com reports. The firm had revenue of $80.69 million for the quarter, compared to analysts’ expectations of $79.84 million. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.28) earnings per share. PROS updated its Q2 guidance to $0.00 to $0.02 EPS.

PROS Price Performance

PRO stock opened at $30.58 on Thursday. The business has a 50-day moving average price of $35.03 and a 200 day moving average price of $35.69. The company has a market capitalization of $1.44 billion, a P/E ratio of -25.07 and a beta of 1.18. PROS has a 1-year low of $24.61 and a 1-year high of $40.99.

Insider Activity at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.92, for a total value of $215,520.00. Following the completion of the sale, the chief financial officer now directly owns 260,223 shares in the company, valued at $9,347,210.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on PRO. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of PROS in a research note on Wednesday. KeyCorp upgraded PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 target price for the company in a research report on Friday, January 12th.

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.