Robert W. Baird Has Lowered Expectations for PROS (NYSE:PRO) Stock Price

PROS (NYSE:PRO) had its price target reduced by analysts at Robert W. Baird from $35.00 to $28.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price objective would suggest a potential upside of 41.41% from the company’s current price.

PRO has been the topic of several other research reports. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. KeyCorp cut their target price on PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note 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 issued a $40.00 target price on shares of PROS in a research note on Monday, September 9th. Finally, Stifel Nicolaus dropped their price objective on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.63.

PROS Trading Down 5.0 %

NYSE:PRO opened at $19.80 on Wednesday. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The business’s 50-day simple moving average is $18.54 and its 200-day simple moving average is $24.47.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRO. Point72 Asia Singapore Pte. Ltd. acquired a new position in PROS in the 2nd quarter valued at $29,000. Quarry LP acquired a new position in PROS in the 2nd quarter valued at $38,000. Hennion & Walsh Asset Management Inc. grew its holdings in PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares in the last quarter. Principal Financial Group Inc. grew its holdings in PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after buying an additional 484 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in PROS in the 2nd quarter valued at $210,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.