PROS (NYSE:PRO) Price Target Raised to $30.00 at Robert W. Baird

PROS (NYSE:PRO) had its price objective lifted by Robert W. Baird from $28.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price target points to a potential upside of 20.77% from the stock’s previous close.

PRO has been the subject of a number of other research reports. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Bank of America cut their target price on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Northland Securities reiterated an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Oppenheimer cut their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, KeyCorp reduced their target price on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, PROS has an average rating of “Buy” and an average target price of $31.88.

PROS Trading Up 0.4 %

Shares of NYSE:PRO opened at $24.84 on Thursday. The firm has a market capitalization of $1.18 billion, a PE ratio of -40.06 and a beta of 1.21. PROS has a 1-year low of $16.64 and a 1-year high of $40.99. The business’s 50 day moving average is $20.93 and its 200-day moving average is $22.69.

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

Hedge Funds Weigh In On PROS

A number of large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of PROS by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker’s stock valued at $289,000 after purchasing an additional 916 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS in the 2nd quarter valued at $29,000. Quarry LP bought a new stake in shares of PROS during the second quarter worth $38,000. Price T Rowe Associates Inc. MD lifted its stake in shares of PROS by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 30,167 shares of the software maker’s stock valued at $1,096,000 after acquiring an additional 1,632 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of PROS by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker’s stock valued at $672,000 after acquiring an additional 1,646 shares during the period. 94.27% of the stock is currently 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.