Robert W. Baird Lowers PROS (NYSE:PRO) Price Target to $27.00

PROS (NYSE:PRO) had its price target cut by Robert W. Baird from $30.00 to $27.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s target price points to a potential upside of 80.18% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of PROS in a research note on Friday, February 7th. Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Stifel Nicolaus boosted their price objective on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, KeyCorp lifted their price target on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.63.

PROS Trading Down 10.2 %

Shares of PRO stock opened at $14.99 on Tuesday. The firm’s fifty day moving average price is $23.09 and its two-hundred day moving average price is $22.07. PROS has a 1 year low of $14.87 and a 1 year high of $38.44. The firm has a market capitalization of $716.24 million, a P/E ratio of -34.06 and a beta of 1.04.

PROS (NYSE:PRO) last released 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). As a group, equities research analysts forecast that PROS will post -0.2 EPS for the current fiscal year.

Insider Activity at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction dated Friday, February 7th. The stock was 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 directly owns 59,159 shares in the company, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On PROS

Several institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in PROS by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 359,543 shares of the software maker’s stock valued at $6,659,000 after buying an additional 4,832 shares during the period. Verition Fund Management LLC bought a new stake in shares of PROS in the 3rd quarter valued at $631,000. Point72 Asset Management L.P. lifted its position in shares of PROS by 262.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock valued at $586,000 after acquiring an additional 22,903 shares during the period. Quadrature Capital Ltd boosted its stake in PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after acquiring an additional 2,034 shares in the last quarter. Finally, State Street Corp grew its holdings in 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 purchasing an additional 33,176 shares during the period. Institutional investors own 94.27% of the company’s stock.

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.