PROS (NYSE:PRO) PT Raised to $45.00

PROS (NYSE:PRO) had its price objective hoisted by research analysts at Needham & Company LLC from $40.00 to $45.00 in a research note issued to investors on Friday, AnalystRatings.com reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 37.91% from the company’s previous close.

PRO has been the subject of a number of other research reports. Royal Bank of Canada boosted their target price on shares of PROS from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Robert W. Baird boosted their target price on shares of PROS from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. lowered shares of PROS from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $40.00 to $38.00 in a research report on Friday. KeyCorp boosted their target price on shares of PROS from $38.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Finally, Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. PROS has a consensus rating of “Buy” and an average price target of $49.30.

Shares of PRO stock traded down $6.06 on Friday, hitting $32.63. The company’s stock had a trading volume of 2,232,820 shares, compared to its average volume of 243,129. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.80 and a quick ratio of 1.80. PROS has a fifty-two week low of $19.73 and a fifty-two week high of $75.39. The firm’s fifty day moving average price is $42.23 and its 200-day moving average price is $41.62. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -18.54 and a beta of 1.51.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, July 30th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.08. PROS had a negative net margin of 28.65% and a negative return on equity of 31.78%. The business had revenue of $63.75 million during the quarter, compared to analyst estimates of $60.45 million. Analysts predict that PROS will post -1.16 EPS for the current fiscal year.

In other news, CFO Stefan B. Schulz sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $44.63, for a total transaction of $89,260.00. Also, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief financial officer now directly owns 240,636 shares in the company, valued at approximately $9,625,440. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,664 shares of company stock worth $350,906. Insiders own 10.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in PROS by 18.9% during the first quarter. Wells Fargo & Company MN now owns 442,765 shares of the software maker’s stock worth $13,739,000 after buying an additional 70,398 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of PROS by 165.2% during the first quarter. BNP Paribas Arbitrage SA now owns 13,052 shares of the software maker’s stock worth $405,000 after purchasing an additional 8,130 shares in the last quarter. State Street Corp lifted its position in shares of PROS by 3.8% during the first quarter. State Street Corp now owns 742,306 shares of the software maker’s stock worth $23,034,000 after purchasing an additional 26,866 shares in the last quarter. Royal Bank of Canada lifted its position in shares of PROS by 20.0% during the first quarter. Royal Bank of Canada now owns 343,305 shares of the software maker’s stock worth $10,653,000 after purchasing an additional 57,279 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of PROS by 55.6% during the first quarter. Two Sigma Advisers LP now owns 421,884 shares of the software maker’s stock worth $13,091,000 after purchasing an additional 150,800 shares in the last quarter. 94.68% of the stock is currently owned by institutional investors and hedge funds.

PROS Company Profile

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Analyst Recommendations for PROS (NYSE:PRO)

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