Baird R W cut shares of PROS (NYSE:PRO – Free Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.
A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of PROS in a research report on Thursday, June 12th. KeyCorp reduced their price objective on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Robert W. Baird cut PROS from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $27.00 to $18.00 in a research report on Monday. Finally, Northland Securities set a $38.00 price target on shares of PROS in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.
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PROS Stock Performance
PROS (NYSE:PRO – Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that PROS will post -0.2 EPS for the current year.
Institutional Investors Weigh In On PROS
Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS during the 4th quarter worth approximately $30,000. Ancora Advisors LLC purchased a new stake in PROS during the fourth quarter valued at $33,000. Quadrant Capital Group LLC lifted its position in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after purchasing an additional 926 shares during the last quarter. Comerica Bank grew its position in PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after acquiring an additional 1,140 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock valued at $41,000 after purchasing an additional 2,092 shares during the period. Institutional investors 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.
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