PROS Holdings, Inc. (NYSE:PRO) Receives Average Recommendation of “Buy” from Brokerages

Shares of PROS Holdings, Inc. (NYSE:PRO) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $31.63.

A number of equities analysts have recently issued reports on the stock. Bank of America cut their price target on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Oppenheimer dropped their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Needham & Company LLC decreased their price target on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price target 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 report on Saturday, November 16th.

Hedge Funds Weigh In On PROS

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS in the second quarter worth $29,000. Quarry LP acquired a new stake in shares of PROS in the 2nd quarter valued at about $38,000. Intech Investment Management LLC bought a new position in shares of PROS during the third quarter worth about $204,000. Hennion & Walsh Asset Management Inc. grew its stake in PROS by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in PROS in the second quarter valued at about $210,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Stock Up 2.5 %

Shares of PRO stock opened at $23.76 on Tuesday. The stock’s 50-day moving average price is $20.38 and its 200 day moving average price is $22.82. The stock has a market capitalization of $1.12 billion, a PE ratio of -38.32 and a beta of 1.20. PROS has a 52-week low of $16.64 and a 52-week high of $40.99.

PROS (NYSE:PRO) last issued its earnings results 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 firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. Analysts expect that PROS will post -0.29 earnings per share for the current fiscal year.

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.