Brokerages expect PROS Holdings, Inc. (NYSE:PRO) to report sales of $64.17 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for PROS’s earnings, with estimates ranging from $64.00 million to $64.30 million. PROS posted sales of $52.61 million during the same quarter last year, which would indicate a positive year over year growth rate of 22%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 6th.
According to Zacks, analysts expect that PROS will report full year sales of $248.34 million for the current year, with estimates ranging from $248.16 million to $248.46 million. For the next year, analysts expect that the business will report sales of $292.04 million, with estimates ranging from $290.08 million to $294.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover PROS.
PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, October 24th. The software maker reported ($0.21) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). PROS had a negative return on equity of 41.04% and a negative net margin of 27.26%. The firm had revenue of $64.20 million during the quarter, compared to the consensus estimate of $63.32 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis.
Several research firms have recently issued reports on PRO. JPMorgan Chase & Co. lowered shares of PROS from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $78.00 to $65.00 in a research note on Friday, October 25th. KeyCorp increased their price objective on shares of PROS from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 27th. Craig Hallum reduced their target price on PROS to $80.00 and set a “buy” rating for the company in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of PROS in a research report on Friday, November 15th. Finally, Northland Securities restated a “buy” rating and issued a $72.00 price objective on shares of PROS in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $71.91.
In other PROS news, CFO Stefan B. Schulz sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $58.61, for a total value of $117,220.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andres Reiner sold 23,595 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $50.62, for a total value of $1,194,378.90. Following the completion of the sale, the chief executive officer now owns 697,072 shares in the company, valued at $35,285,784.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,632 shares of company stock worth $4,046,112. 13.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PRO. Strs Ohio bought a new stake in PROS during the 2nd quarter valued at $25,000. Russell Investments Group Ltd. bought a new position in PROS in the 3rd quarter worth about $72,000. Stephens Inc. AR boosted its stake in PROS by 8.4% in the 3rd quarter. Stephens Inc. AR now owns 2,331 shares of the software maker’s stock worth $139,000 after purchasing an additional 180 shares during the period. SRS Capital Advisors Inc. purchased a new position in PROS during the 2nd quarter valued at about $145,000. Finally, Convergence Investment Partners LLC purchased a new position in PROS during the 3rd quarter valued at about $147,000. 95.68% of the stock is owned by institutional investors.
Shares of PROS stock traded down $1.36 during trading hours on Monday, reaching $60.51. The company’s stock had a trading volume of 246,900 shares, compared to its average volume of 396,585. PROS has a one year low of $28.67 and a one year high of $75.39. The company has a market capitalization of $2.62 billion, a P/E ratio of -55.51 and a beta of 1.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.81 and a current ratio of 1.81. The stock’s fifty day simple moving average is $56.02 and its two-hundred day simple moving average is $62.09.
PROS Company Profile
PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.
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