PROS (NYSE:PRO) Price Target Lowered to $28.00 at Robert W. Baird

PROS (NYSE:PRO) had its price target reduced by Robert W. Baird from $35.00 to $28.00 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the software maker’s stock.

A number of other analysts also recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Monday, September 9th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Stifel Nicolaus reduced their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. KeyCorp reduced their price target on shares of PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Stock Performance

PRO opened at $20.95 on Wednesday. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The firm’s fifty day moving average is $18.60 and its 200 day moving average is $24.34. The stock has a market cap of $991.14 million, a price-to-earnings ratio of -33.79 and a beta of 1.20.

PROS (NYSE:PRO) last announced 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 the consensus estimate of $82.32 million. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. On average, equities research analysts predict that PROS will post -0.43 earnings per share for the current year.

Institutional Trading of PROS

Several hedge funds have recently made changes to their positions in PRO. Fred Alger Management LLC raised its position in PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after purchasing an additional 373,982 shares during the period. Assenagon Asset Management S.A. raised its position in PROS by 218.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock worth $7,742,000 after purchasing an additional 286,825 shares during the period. Kopion Asset Management LLC raised its position in PROS by 60.0% in the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after purchasing an additional 173,168 shares during the period. RGM Capital LLC raised its position in PROS by 5.9% in the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after purchasing an additional 166,301 shares during the period. Finally, Vanguard Group Inc. raised its position in PROS by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after purchasing an additional 144,729 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

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.