PROS (NYSE:PRO) Given New $32.00 Price Target at Stifel Nicolaus

PROS (NYSE:PRO) had its target price cut by Stifel Nicolaus from $40.00 to $32.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other equities research analysts have also recently commented on PRO. Oppenheimer cut their target price on PROS from $42.00 to $31.00 and set an outperform rating on the stock in a research note on Wednesday. Craig Hallum dropped their price objective on PROS from $32.00 to $31.00 and set a hold rating on the stock in a research note on Wednesday. Needham & Company LLC reiterated a buy rating and set a $40.00 price objective on shares of PROS in a research note on Wednesday. Finally, Robert W. Baird dropped their price objective on PROS from $45.00 to $35.00 and set an outperform rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, PROS currently has an average rating of Moderate Buy and a consensus target price of $34.17.

PROS Stock Performance

NYSE PRO opened at $24.10 on Wednesday. The stock’s 50 day moving average price is $27.34 and its two-hundred day moving average price is $32.20. PROS has a 52 week low of $23.29 and a 52 week high of $40.99.

PROS (NYSE:PRO) last released its earnings results on Tuesday, May 7th. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.69 million during the quarter, compared to the consensus estimate of $79.84 million. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) EPS. Analysts anticipate that PROS will post -0.5 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the transaction, the chief financial officer now directly owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PROS news, Director Leland Jourdan sold 2,162 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total value of $67,086.86. Following the transaction, the director now directly owns 13,313 shares of the company’s stock, valued at approximately $413,102.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the completion of the transaction, the chief financial officer now directly owns 258,327 shares in the company, valued at $8,015,886.81. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in PROS in the 1st quarter valued at $1,291,000. CANADA LIFE ASSURANCE Co grew its holdings in PROS by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock valued at $17,226,000 after buying an additional 84,591 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of PROS by 12.4% during the 4th quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock worth $29,802,000 after purchasing an additional 84,678 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of PROS during the 1st quarter worth $775,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of PROS during the 4th quarter worth $1,831,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.