PROS (NYSE:PRO) Cut to Hold at Northland Capmk

Northland Capmk cut shares of PROS (NYSE:PRO) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

PRO has been the subject of a number of other reports. Stifel Nicolaus lowered their price target on PROS from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. KeyCorp cut shares of PROS from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 23rd. Northland Securities set a $23.25 price objective on shares of PROS in a report on Tuesday. Needham & Company LLC cut shares of PROS from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Tuesday, September 23rd. Finally, Robert W. Baird lowered PROS from an “outperform” rating to a “neutral” rating and cut their target price for the company from $27.00 to $18.00 in a research report on Monday, June 16th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.75.

PROS Stock Up 0.1%

NYSE PRO opened at $22.96 on Tuesday. The business’s fifty day simple moving average is $16.63 and its 200-day simple moving average is $16.96. The firm has a market cap of $1.10 billion, a PE ratio of -104.34 and a beta of 1.05. PROS has a 52 week low of $13.61 and a 52 week high of $29.84.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The firm had revenue of $88.72 million for the quarter, compared to analyst estimates of $87.70 million. PROS’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts expect that PROS will post -0.2 EPS for the current year.

Institutional Trading of PROS

Several hedge funds have recently modified their holdings of PRO. Acadian Asset Management LLC grew its stake in PROS by 36.3% during the 1st quarter. Acadian Asset Management LLC now owns 312,513 shares of the software maker’s stock worth $5,937,000 after purchasing an additional 83,274 shares in the last quarter. Kopion Asset Management LLC boosted its stake in shares of PROS by 62.3% in the 2nd quarter. Kopion Asset Management LLC now owns 644,440 shares of the software maker’s stock valued at $10,092,000 after buying an additional 247,381 shares during the period. GAMMA Investing LLC boosted its stake in shares of PROS by 2,716.9% in the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock valued at $41,000 after buying an additional 2,092 shares during the period. Mackenzie Financial Corp acquired a new position in shares of PROS during the first quarter worth about $594,000. Finally, Diversified Trust Co purchased a new stake in shares of PROS during the second quarter worth approximately $208,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.