Robert W. Baird Has Lowered Expectations for PROS (NYSE:PRO) Stock Price

PROS (NYSE:PRO) had its price target cut by analysts at Robert W. Baird from $35.00 to $28.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price target would indicate a potential upside of 41.41% from the stock’s current price.

Several other analysts also recently weighed in on the company. Bank of America dropped their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of PROS in a research report on Monday, September 9th. Stifel Nicolaus dropped their price objective on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com upgraded PROS from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, KeyCorp dropped their price objective on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, PROS currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.63.

PROS Price Performance

PRO opened at $19.80 on Wednesday. PROS has a 52-week low of $16.64 and a 52-week high of $40.99. The business’s fifty day moving average is $18.54 and its 200-day moving average is $24.47.

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

Hedge Funds Weigh In On PROS

Several large investors have recently bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS in the second quarter valued at about $29,000. Quarry LP acquired a new stake in shares of PROS in the second quarter valued at about $38,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of PROS by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares during the period. Principal Financial Group Inc. increased its stake in shares of PROS by 9.1% in the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after buying an additional 484 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of PROS in the second quarter valued at about $210,000. 94.27% of the stock is currently owned by institutional investors.

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.