PROS (NYSE:PRO) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a report released on Saturday morning.

Several other research analysts have also weighed in on the company. Stifel Nicolaus dropped their target price on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, October 30th. Bank of America cut their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Needham & Company LLC decreased their target price on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut their price target on shares of PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.63.

PROS Price Performance

NYSE PRO opened at $22.15 on Friday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -35.73 and a beta of 1.20. The company has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $23.27. PROS has a 52-week low of $16.64 and a 52-week high of $40.99.

PROS (NYSE:PRO) last released its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that PROS will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the second quarter valued at about $29,000. Quarry LP bought a new position in PROS in the 2nd quarter worth approximately $38,000. Intech Investment Management LLC acquired a new position in shares of PROS during the third quarter worth approximately $204,000. Hennion & Walsh Asset Management Inc. boosted its position 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 acquiring an additional 2,393 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of PROS in the second quarter worth $210,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.