PROS (NYSE:PRO) Upgraded to Buy at Craig Hallum

PROS (NYSE:PRO) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $31.00 price target on the software maker’s stock. Craig Hallum’s price target points to a potential upside of 56.57% from the company’s current price.

Other research analysts have also issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of PROS in a report on Monday, September 9th. Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Oppenheimer lowered their price target on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, KeyCorp lowered their target price on PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a report 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 company. According to data from MarketBeat.com, PROS currently has a consensus rating of “Moderate Buy” and an average target price of $31.63.

PROS Price Performance

Shares of NYSE PRO opened at $19.80 on Wednesday. PROS has a 1-year low of $16.64 and a 1-year high of $40.99. The business’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $24.47. The firm has a market capitalization of $934.68 million, a PE ratio of -31.94 and a beta of 1.21.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to analyst estimates of $81.38 million. PROS’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted ($0.24) earnings per share. Equities research analysts expect that PROS will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PROS in the 2nd quarter valued at $29,000. Quarry LP acquired a new position in shares of PROS in the 2nd quarter valued at $38,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of 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 purchasing an additional 2,393 shares during the period. Principal Financial Group Inc. boosted its position in shares of 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 purchasing an additional 484 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of 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.