PROS (NYSE:PRO) Issues Quarterly Earnings Results

PROS (NYSE:PRO) posted its earnings results on Tuesday. The software maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05, Briefing.com reports. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year.

PROS Price Performance

NYSE PRO opened at $23.04 on Tuesday. The stock’s fifty day moving average price is $20.10 and its 200 day moving average price is $17.67. PROS has a 1 year low of $13.61 and a 1 year high of $29.84. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -74.32 and a beta of 1.05.

Analyst Ratings Changes

PRO has been the topic of several analyst reports. KeyCorp lowered PROS from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 23rd. Northland Capmk lowered PROS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Needham & Company LLC lowered 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. Northland Securities set a $23.25 price objective on PROS in a report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of PROS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.65.

Hedge Funds Weigh In On PROS

Several hedge funds have recently made changes to their positions in PRO. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 5,217 shares during the period. State of Tennessee Department of Treasury purchased a new stake in PROS in the second quarter valued at approximately $175,000. Woodline Partners LP purchased a new stake in PROS in the first quarter valued at approximately $282,000. Shay Capital LLC purchased a new stake in PROS in the second quarter valued at approximately $285,000. Finally, Cerity Partners LLC purchased a new stake in PROS in the second quarter valued at approximately $338,000. 94.27% of the stock is owned by institutional investors and hedge funds.

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.