PROS (NYSE:PRO) Issues Q4 Earnings Guidance

PROS (NYSE:PRO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of (0.19)-($0.18) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.23). The company issued revenue guidance of $64.0-$64.5 million, compared to the consensus revenue estimate of $63.51 million.

PRO opened at $29.20 on Friday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 16.05. PROS has a 12 month low of $23.08 and a 12 month high of $50.90. The company has a fifty day simple moving average of $34.61 and a 200 day simple moving average of $38.67. The stock has a market cap of $1.30 billion, a P/E ratio of -16.98 and a beta of 1.55.

PROS (NYSE:PRO) last released its quarterly earnings data on Tuesday, November 2nd. The software maker reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.09. The business had revenue of $62.67 million during the quarter, compared to analysts’ expectations of $62.33 million. PROS had a negative net margin of 30.64% and a negative return on equity of 123.71%. During the same quarter in the prior year, the company earned ($0.30) EPS. On average, equities research analysts expect that PROS will post -1.46 earnings per share for the current fiscal year.

PRO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of PROS from an underweight rating to a neutral rating and set a $37.00 target price for the company in a research note on Tuesday, December 14th. Zacks Investment Research raised shares of PROS from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Thursday, January 6th.

In other news, COO Leslie J. Rechan sold 3,974 shares of the company’s stock in a transaction dated Wednesday, January 12th. The shares were sold at an average price of $32.71, for a total value of $129,989.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Scott William Cook sold 1,302 shares of the company’s stock in a transaction dated Tuesday, January 11th. The shares were sold at an average price of $31.92, for a total transaction of $41,559.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,983 shares of company stock valued at $616,356. Company insiders own 10.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PRO. BNP Paribas Arbitrage SA raised its holdings in PROS by 100.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,571 shares of the software maker’s stock valued at $411,000 after acquiring an additional 5,804 shares during the period. LPL Financial LLC raised its holdings in PROS by 24.1% in the 3rd quarter. LPL Financial LLC now owns 23,556 shares of the software maker’s stock valued at $836,000 after acquiring an additional 4,575 shares during the period. Millennium Management LLC raised its holdings in PROS by 5.0% in the 3rd quarter. Millennium Management LLC now owns 32,311 shares of the software maker’s stock valued at $1,146,000 after acquiring an additional 1,545 shares during the period. Invesco Ltd. increased its holdings in shares of PROS by 11.3% during the third quarter. Invesco Ltd. now owns 38,671 shares of the software maker’s stock worth $1,373,000 after purchasing an additional 3,932 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of PROS by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 154,476 shares of the software maker’s stock worth $5,481,000 after purchasing an additional 11,108 shares during the period. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

PROS Company Profile

PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.

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