PROS Holdings, Inc. (NYSE:PRO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PROS Holdings, Inc. (NYSE:PRO) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.00.

PRO has been the subject of several recent research reports. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Stifel Nicolaus increased their target price 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. KeyCorp lifted their price target on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of PROS in a research note on Friday, February 7th.

PROS Stock Down 7.9 %

PROS stock opened at $16.69 on Monday. The stock has a 50-day moving average price of $23.27 and a 200 day moving average price of $22.10. The company has a market capitalization of $797.78 million, a price-to-earnings ratio of -37.93 and a beta of 1.04. PROS has a 52 week low of $16.60 and a 52 week high of $38.44.

PROS (NYSE:PRO) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). Research analysts anticipate that PROS will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 5,000 shares of the firm’s 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 in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On PROS

Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after buying an additional 926 shares during the period. Franklin Resources Inc. lifted its stake in PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock worth $743,000 after purchasing an additional 1,080 shares in the last quarter. Comerica Bank boosted its position in shares of PROS by 264.5% during the fourth 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. Swiss National Bank grew its stake in shares of PROS by 1.7% in the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock valued at $1,733,000 after buying an additional 1,300 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS during the 4th quarter valued at about $30,000. 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.