Brokerages Set PROS Holdings, Inc. (NYSE:PRO) Price Target at $28.00

PROS Holdings, Inc. (NYSE:PRO) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $28.00.

PRO has been the subject of several analyst reports. KeyCorp decreased their price objective on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of PROS in a research note on Thursday, June 12th. Wall Street Zen lowered PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Robert W. Baird lowered shares of PROS from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Finally, Baird R W lowered PROS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 16th.

Institutional Trading of PROS

A number of large investors have recently modified their holdings of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS during the 4th quarter worth $30,000. Ancora Advisors LLC purchased a new position in PROS during the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC grew its position in shares of PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after acquiring an additional 926 shares during the last quarter. Comerica Bank grew its position in PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after purchasing an additional 1,140 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Price Performance

PRO opened at $14.96 on Friday. The firm has a market cap of $715.84 million, a P/E ratio of -53.43 and a beta of 1.03. The company has a 50 day simple moving average of $17.08 and a two-hundred day simple moving average of $20.52. PROS has a 1-year low of $13.61 and a 1-year high of $29.84.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million for the quarter, compared to the consensus estimate of $85.69 million. During the same period in the previous year, the company posted $0.04 earnings per share. PROS’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that PROS will post -0.2 earnings per share for the current year.

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.