Analysts Set PROS Holdings, Inc. (NYSE:PRO) Target Price at $21.65

Shares of PROS Holdings, Inc. (NYSE:PRO) have received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.65.

Several research firms have commented on PRO. KeyCorp downgraded shares of PROS from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 23rd. Northland Securities set a $23.25 price target on shares of PROS in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PROS in a report on Monday, December 8th. Northland Capmk downgraded PROS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Needham & Company LLC downgraded PROS from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Tuesday, September 23rd.

PROS Stock Performance

NYSE PRO opened at $23.25 on Friday. PROS has a 52-week low of $13.61 and a 52-week high of $29.84. The business has a 50 day simple moving average of $23.10 and a 200 day simple moving average of $18.91. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -75.00 and a beta of 0.66.

PROS (NYSE:PRO) last released its quarterly earnings results on Monday, October 27th. The software maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.27. The firm had revenue of $91.68 million for the quarter, compared to analyst estimates of $94.71 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. On average, analysts predict that PROS will post -0.2 EPS for the current year.

Institutional Investors Weigh In On PROS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in shares of PROS during the 3rd quarter worth $32,000. Longfellow Investment Management Co. LLC bought a new position in shares of PROS in the third quarter valued at approximately $76,000. FNY Investment Advisers LLC bought a new stake in PROS during the 2nd quarter worth approximately $70,000. PenderFund Capital Management Ltd. purchased a new stake in PROS in the 3rd quarter worth approximately $117,000. Finally, Tower Research Capital LLC TRC boosted its holdings in PROS by 319.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,851 shares of the software maker’s stock valued at $107,000 after purchasing an additional 5,217 shares during the period. 94.27% of the stock is owned by institutional investors.

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.