PROS Holdings, Inc. (NYSE:PRO) Given Consensus Rating of “Moderate Buy” by Brokerages

PROS Holdings, Inc. (NYSE:PRO) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.63.

Several research firms recently weighed in on PRO. Robert W. Baird dropped their price target on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus lifted their price objective on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of PROS in a research report on Friday, February 7th. KeyCorp raised their price target on PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th.

Insider Transactions at PROS

In other news, CAO Scott William Cook sold 5,000 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at approximately $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On PROS

A number of hedge funds and other institutional investors have recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS in the fourth quarter valued at about $30,000. Ancora Advisors LLC acquired a new position in shares of PROS in the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC raised its holdings in PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after buying an additional 926 shares during the last quarter. Comerica Bank boosted its position in PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after buying an additional 1,140 shares during the period. Finally, GAMMA Investing LLC grew its holdings in PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock worth $41,000 after acquiring an additional 2,092 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Price Performance

Shares of PRO opened at $16.46 on Monday. The company’s 50-day moving average is $22.14 and its 200-day moving average is $21.95. The firm has a market capitalization of $786.83 million, a PE ratio of -37.41 and a beta of 1.04. PROS has a fifty-two week low of $14.81 and a fifty-two week high of $35.83.

PROS (NYSE:PRO) last released its quarterly earnings results 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). Analysts predict that PROS will post -0.2 earnings per share for the current fiscal year.

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.