PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has been given a consensus rating of "Buy" by the eight research firms that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.63.
Several research analysts have commented on the company. Bank of America lowered their target price on PROS from $43.00 to $39.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. Craig Hallum raised PROS from a "hold" rating to a "buy" rating and set a $31.00 price objective for the company in a research note on Wednesday, October 30th. KeyCorp reduced their target price on PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Needham & Company LLC reduced their price target on shares of PROS from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com raised PROS from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th.
View Our Latest Stock Analysis on PRO
PROS stock opened at $23.76 on Tuesday. PROS has a 1 year low of $16.64 and a 1 year high of $40.99. The company's 50 day simple moving average is $20.38 and its 200-day simple moving average is $22.82.
PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. Analysts predict that PROS will post -0.29 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PROS by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker's stock valued at $289,000 after purchasing an additional 916 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PROS in the 2nd quarter worth approximately $29,000. Quarry LP acquired a new stake in PROS during the 2nd quarter valued at $38,000. Price T Rowe Associates Inc. MD boosted its position in shares of PROS by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,167 shares of the software maker's stock worth $1,096,000 after purchasing an additional 1,632 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in PROS by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker's stock worth $672,000 after purchasing an additional 1,646 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.
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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