Brokerages Set PROS Holdings, Inc. (NYSE:PRO) Target Price at $32.00

Shares of PROS Holdings, Inc. (NYSE:PRO) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

Several equities research analysts recently weighed in on PRO shares. Robert W. Baird boosted their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Wednesday, October 30th. Northland Securities reiterated an “outperform” rating and set a $38.00 price target (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Finally, Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th.

Insider Activity

In other news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

Several hedge funds have recently modified their holdings of the stock. Creative Planning purchased a new position in PROS during the 3rd quarter worth $249,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of PROS by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after acquiring an additional 2,393 shares during the period. Assenagon Asset Management S.A. raised its holdings in PROS by 218.6% during the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock worth $7,742,000 after purchasing an additional 286,825 shares in the last quarter. US Bancorp DE raised its holdings in PROS by 136.9% during the third quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock worth $309,000 after purchasing an additional 9,627 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in PROS by 29.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock valued at $221,000 after purchasing an additional 2,700 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Trading Down 0.5 %

Shares of NYSE:PRO opened at $26.34 on Friday. PROS has a 52 week low of $16.64 and a 52 week high of $38.71. The company’s 50 day moving average is $23.78 and its two-hundred day moving average is $21.42. The company has a market cap of $1.25 billion, a PE ratio of -59.86 and a beta of 1.22.

PROS (NYSE:PRO) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, equities research analysts expect that PROS will post -0.2 EPS for the current year.

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.