PROS (NYSE:PRO) Sets New 52-Week Low – What’s Next?

PROS Holdings, Inc. (NYSE:PRO)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $16.61 and last traded at $16.69, with a volume of 483618 shares trading hands. The stock had previously closed at $18.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of PROS in a research report on Friday, February 7th. KeyCorp raised their price target on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. 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. Finally, Stifel Nicolaus upped their price target on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

PROS Price Performance

The company’s 50 day moving average is $23.42 and its 200 day moving average is $22.05. The stock has a market cap of $793.96 million, a price-to-earnings ratio of -37.93 and a beta of 1.14.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). Sell-side analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Buying and Selling at PROS

In related news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On PROS

A number of institutional investors have recently added to or reduced their stakes in PRO. Barclays PLC raised its stake in shares of PROS by 345.4% in the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after purchasing an additional 184,856 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in PROS by 262.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker’s stock valued at $586,000 after purchasing an additional 22,903 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in PROS in the 3rd quarter worth about $17,921,000. JPMorgan Chase & Co. increased its stake in shares of PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after purchasing an additional 338,158 shares during the period. Finally, US Bancorp DE raised its holdings in shares of PROS by 11.1% during the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after buying an additional 1,841 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.