PROS (NYSE:PRO) Downgraded to Hold at StockNews.com

StockNews.com cut shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other analysts have also recently commented on PRO. Oppenheimer dropped their target price on shares of PROS from $42.00 to $31.00 and set an outperform rating for the company in a research report on Wednesday, July 31st. Bank of America cut their target price on PROS from $43.00 to $39.00 and set a buy rating on the stock in a research note on Tuesday, August 27th. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of PROS in a research report on Monday, September 9th. Stifel Nicolaus cut their price target on shares of PROS from $40.00 to $32.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Finally, Craig Hallum decreased their price objective on shares of PROS from $32.00 to $31.00 and set a hold rating for the company in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $34.86.

PROS Trading Down 3.1 %

PRO opened at $18.61 on Wednesday. PROS has a 1-year low of $16.64 and a 1-year high of $40.99. The stock has a market capitalization of $874.74 million, a PE ratio of -17.72 and a beta of 1.20. The firm has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $27.86.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.24) EPS. On average, research analysts predict that PROS will post -0.43 EPS for the current year.

Institutional Trading of PROS

A number of institutional investors have recently made changes to their positions in PRO. Russell Investments Group Ltd. bought a new stake in PROS during the 1st quarter worth about $1,291,000. Vanguard Group Inc. boosted its position in PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in PROS by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock valued at $17,226,000 after purchasing an additional 84,591 shares in the last quarter. Eagle Asset Management Inc. increased its position 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 during the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of PROS during the 1st quarter worth approximately $775,000. 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.