PROS (NYSE:PRO) Upgraded at StockNews.com

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research note issued to investors on Saturday.

PRO has been the subject of several other reports. Bank of America reduced their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Needham & Company LLC cut their target price on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird cut their target price on PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. KeyCorp cut their target price on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Northland Securities restated an “outperform” rating and issued a $38.00 target price (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, PROS currently has an average rating of “Buy” and a consensus price target of $31.63.

PROS Trading Down 4.8 %

Shares of NYSE PRO opened at $21.64 on Friday. The stock has a 50 day simple moving average of $19.40 and a 200-day simple moving average of $23.35. The company has a market cap of $1.02 billion, a PE ratio of -34.90 and a beta of 1.20. PROS has a 12-month low of $16.64 and a 12-month high of $40.99.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. Sell-side analysts forecast that PROS will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRO. SG Americas Securities LLC bought a new position in shares of PROS in the first quarter valued at $307,000. Sei Investments Co. raised its stake in PROS by 7.1% during the 1st quarter. Sei Investments Co. now owns 37,770 shares of the software maker’s stock valued at $1,372,000 after purchasing an additional 2,508 shares during the period. Russell Investments Group Ltd. acquired a new stake in PROS during the 1st quarter valued at $1,291,000. ProShare Advisors LLC raised its stake in PROS by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock valued at $292,000 after purchasing an additional 632 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in PROS by 14.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,612 shares of the software maker’s stock valued at $531,000 after purchasing an additional 1,840 shares during the period. Institutional investors own 94.27% of the company’s stock.

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.