PROS (NYSE:PRO) Earns Outperform Rating from Northland Securities

PROS (NYSE:PRO)‘s stock had its “outperform” rating reiterated by stock analysts at Northland Securities in a research report issued on Wednesday, Benzinga reports. They currently have a $38.00 price objective on the software maker’s stock, down from their prior price objective of $40.00. Northland Securities’ price objective points to a potential upside of 81.38% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research note on Wednesday. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday. Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer cut their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $31.63.

PROS Stock Performance

Shares of PROS stock traded up $1.57 during midday trading on Wednesday, reaching $20.95. 841,261 shares of the company’s stock traded hands, compared to its average volume of 454,692. The company has a market cap of $989.05 million, a price-to-earnings ratio of -22.86 and a beta of 1.21. PROS has a 52 week low of $16.64 and a 52 week high of $40.99. The company’s 50 day simple moving average is $18.51 and its 200 day simple moving average is $24.49.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that PROS will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On PROS

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRO. Russell Investments Group Ltd. acquired a new stake in shares of PROS during the 1st quarter worth approximately $1,291,000. Vanguard Group Inc. boosted its stake in PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after buying an additional 144,729 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in PROS by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock valued at $17,226,000 after buying an additional 84,591 shares during the period. Inspire Advisors LLC acquired a new position in shares of PROS in the 1st quarter valued at $775,000. Finally, RGM Capital LLC lifted its holdings in shares of 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 acquiring an additional 166,301 shares during the period. 94.27% of the stock is currently owned by institutional investors.

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.