PROS (NYSE:PRO) Hits New 52-Week Low – Should You Sell?

PROS Holdings, Inc. (NYSE:PRO)’s share price hit a new 52-week low on Friday . The company traded as low as $16.61 and last traded at $16.69, with a volume of 483618 shares changing hands. The stock had previously closed at $18.12.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PRO. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. KeyCorp boosted their price objective on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of PROS in a research note on Friday, February 7th. Finally, Stifel Nicolaus upped their target price on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, PROS currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

PROS Price Performance

The stock has a 50-day moving average price of $23.27 and a 200-day moving average price of $22.07. The company has a market capitalization of $793.96 million, a price-to-earnings ratio of -37.93 and a beta of 1.14.

PROS (NYSE:PRO) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). Equities analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Scott William Cook sold 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On PROS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after purchasing an additional 172,997 shares in the last quarter. Alyeska Investment Group L.P. grew its position in PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker’s stock valued at $38,387,000 after acquiring an additional 1,345,256 shares during the last quarter. Nuveen Asset Management LLC raised its stake in PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker’s stock worth $30,378,000 after acquiring an additional 1,069,141 shares in the last quarter. State Street Corp lifted its holdings in shares of PROS by 2.9% in the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock worth $21,626,000 after acquiring an additional 33,176 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of PROS by 21.5% in the 4th quarter. Deutsche Bank AG now owns 791,707 shares of the software maker’s stock valued at $17,386,000 after purchasing an additional 140,210 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.