PROS (NYSE:PRO) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a report published on Friday.

A number of other equities research analysts have also issued reports on the stock. Bank of America dropped their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Oppenheimer lowered their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus reduced their target price on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC cut their price objective on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp decreased their target price on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PROS presently has an average rating of “Moderate Buy” and an average price target of $31.63.

PROS Stock Up 0.8 %

PROS stock opened at $22.67 on Friday. PROS has a 52-week low of $16.64 and a 52-week high of $40.99. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -36.56 and a beta of 1.20. The company has a fifty day simple moving average of $18.92 and a 200-day simple moving average of $23.72.

PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. During the same quarter last year, the company earned ($0.17) earnings per share. PROS’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts anticipate that PROS will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the second quarter valued at $29,000. Quarry LP acquired a new stake in PROS in the 2nd quarter valued at about $38,000. Sequoia Financial Advisors LLC purchased a new position in shares of PROS in the 2nd quarter valued at about $210,000. ProShare Advisors LLC grew its position in shares of PROS by 8.5% during the first quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock worth $292,000 after buying an additional 632 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of PROS during the first quarter worth approximately $298,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.