PROS (NYSE:PRO) Stock Price Down 7.5%

PROS Holdings, Inc. (NYSE:PRO) fell 7.5% during trading on Wednesday . The company traded as low as $30.49 and last traded at $30.49. 75,695 shares traded hands during trading, a decline of 75% from the average session volume of 303,081 shares. The stock had previously closed at $32.97.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. KeyCorp upgraded PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 price objective for the company in a research report on Friday, January 12th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of PROS in a research report on Wednesday.

PROS Trading Down 7.3 %

The company has a 50 day moving average of $35.14 and a 200 day moving average of $35.73. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -25.16 and a beta of 1.18.

PROS (NYSE:PRO) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.69 million during the quarter, compared to analyst estimates of $79.84 million. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) EPS. Equities analysts forecast that PROS Holdings, Inc. will post -0.54 EPS for the current fiscal year.

Insider Transactions at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.92, for a total transaction of $215,520.00. Following the sale, the chief financial officer now owns 260,223 shares of the company’s stock, valued at $9,347,210.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On PROS

Several hedge funds have recently bought and sold shares of PRO. SG Americas Securities LLC bought a new position in PROS in the 3rd quarter valued at approximately $368,000. Bank of New York Mellon Corp boosted its holdings in shares of PROS by 7.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 237,860 shares of the software maker’s stock valued at $8,235,000 after acquiring an additional 16,645 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PROS by 33.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,159 shares of the software maker’s stock worth $282,000 after acquiring an additional 2,030 shares during the last quarter. Roubaix Capital LLC increased its holdings in PROS by 25.7% in the 3rd quarter. Roubaix Capital LLC now owns 132,274 shares of the software maker’s stock worth $4,579,000 after purchasing an additional 27,013 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in PROS by 95.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,571 shares of the software maker’s stock valued at $124,000 after purchasing an additional 1,748 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

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.