PROS (NYSE:PRO) Stock Rating Lowered by Wall Street Zen

PROS (NYSE:PRO) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts have also issued research reports about the company. KeyCorp dropped their price objective on PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Baird R W lowered PROS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 16th. Stifel Nicolaus dropped their price objective on PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Robert W. Baird lowered PROS from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of PROS in a report on Thursday, June 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

PROS Price Performance

PROS stock opened at $16.61 on Friday. PROS has a 12 month low of $13.61 and a 12 month high of $29.84. The business has a 50 day simple moving average of $16.99 and a 200-day simple moving average of $20.12. The stock has a market capitalization of $794.79 million, a PE ratio of -59.32 and a beta of 0.98.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. During the same quarter last year, the company earned $0.04 EPS. PROS’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that PROS will post -0.2 EPS for the current year.

Institutional Trading of PROS

Several large investors have recently bought and sold shares of PRO. US Bancorp DE grew its holdings in PROS by 11.1% in the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after purchasing an additional 1,841 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PROS by 22.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker’s stock valued at $9,673,000 after purchasing an additional 80,924 shares during the last quarter. Aigen Investment Management LP acquired a new stake in PROS in the fourth quarter valued at $252,000. Raymond James Financial Inc. acquired a new stake in PROS in the fourth quarter valued at $6,447,000. Finally, Amundi acquired a new stake in PROS in the fourth quarter valued at $444,000. Institutional investors and hedge funds 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.