PROS (NYSE:PRO) Shares Gap Up Following Analyst Upgrade

PROS Holdings, Inc. (NYSE:PRO)’s share price gapped up prior to trading on Friday after Stifel Nicolaus raised their price target on the stock from $26.00 to $30.00. The stock had previously closed at $24.92, but opened at $28.83. Stifel Nicolaus currently has a buy rating on the stock. PROS shares last traded at $27.21, with a volume of 351,645 shares traded.

A number of other equities analysts have also commented on the stock. Northland Securities reiterated an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. KeyCorp boosted their target price on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, October 30th. Finally, Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PROS currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PRO. Intech Investment Management LLC acquired a new position in PROS during the 3rd quarter worth $204,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of PROS by 27.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after acquiring an additional 2,393 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock valued at $221,000 after purchasing an additional 2,700 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of PROS by 19.3% during the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after buying an additional 2,034 shares during the period. Finally, Creative Planning bought a new position in shares of PROS during the third quarter valued at $249,000. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Trading Up 7.9 %

The stock has a market capitalization of $1.27 billion, a P/E ratio of -43.31 and a beta of 1.22. The firm’s fifty day moving average is $23.22 and its 200-day moving average is $21.26.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). Equities research analysts expect that PROS Holdings, Inc. will post -0.29 EPS for the current year.

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.