PROS (NYSE:PRO) Price Target Cut to $27.00 by Analysts at Robert W. Baird

PROS (NYSE:PRO) had its price target lowered by Robert W. Baird from $30.00 to $27.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price objective on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of PROS in a research note on Friday, February 7th. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Finally, KeyCorp increased their price target on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Price Performance

NYSE:PRO opened at $15.20 on Tuesday. The firm’s 50-day moving average price is $22.71 and its 200-day moving average price is $22.00. The company has a market capitalization of $726.71 million, a PE ratio of -34.55 and a beta of 1.04. PROS has a 1-year low of $14.81 and a 1-year high of $38.31.

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

Insider Activity

In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value 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 $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS during the fourth quarter valued at approximately $30,000. Ancora Advisors LLC purchased a new position in shares of PROS during the 4th quarter valued at approximately $33,000. Quadrant Capital Group LLC increased its holdings in shares of PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after purchasing an additional 926 shares in the last quarter. Comerica Bank lifted its stake in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,140 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock worth $41,000 after buying an additional 2,092 shares in the last quarter. Institutional investors and hedge funds 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.