PROS (NYSE:PRO) Trading Down 5.2% – Here’s What Happened

PROS Holdings, Inc. (NYSE:PRO) shares traded down 5.2% during mid-day trading on Monday . The stock traded as low as $18.50 and last traded at $18.65. 92,090 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 454,047 shares. The stock had previously closed at $19.68.

Analyst Ratings Changes

Several research firms have issued reports on PRO. Robert W. Baird cut their price target on shares of PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Stifel Nicolaus decreased their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Craig Hallum decreased their target price on PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. KeyCorp lowered their price objective on PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.86.

PROS Trading Down 1.7 %

The stock has a market cap of $835.14 million, a price-to-earnings ratio of -19.11 and a beta of 1.21. The stock’s 50 day moving average is $18.56 and its two-hundred day moving average is $25.14.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million for the quarter, compared to analysts’ expectations of $81.38 million. During the same quarter in the previous year, the company posted ($0.24) EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that PROS Holdings, Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On PROS

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of PROS by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after purchasing an additional 144,729 shares during the period. RGM Capital LLC lifted its holdings in PROS by 5.9% during the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after buying an additional 166,301 shares during the last quarter. Fred Alger Management LLC boosted its holdings in PROS by 14.7% in the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after purchasing an additional 373,982 shares during the period. William Blair Investment Management LLC grew its position in shares of PROS by 7.9% during the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after buying an additional 54,607 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of PROS by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after purchasing an additional 84,591 shares during the period. 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.