PROS (NYSE:PRO) Downgraded to Market Perform Rating by Oppenheimer

PROS (NYSE:PRO) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Thursday, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 30th. KeyCorp dropped their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird lifted their price objective on shares of PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Needham & Company LLC reduced their price target on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.88.

PROS Trading Up 2.7 %

PROS stock opened at $22.32 on Thursday. PROS has a 1-year low of $16.64 and a 1-year high of $38.71. The company has a fifty day simple moving average of $22.92 and a 200 day simple moving average of $21.38. The company has a market cap of $1.06 billion, a P/E ratio of -35.99 and a beta of 1.21.

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, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same period in the prior year, the firm posted ($0.17) EPS. PROS’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that PROS will post -0.29 EPS for the current year.

Institutional Investors Weigh In On PROS

Several hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS during the second quarter worth approximately $29,000. Quarry LP acquired a new position in PROS in the 2nd quarter valued at $38,000. The Manufacturers Life Insurance Company increased its position in PROS by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker’s stock worth $672,000 after buying an additional 1,646 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after buying an additional 2,034 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of PROS by 23.8% in the second quarter. Inspire Investing LLC now owns 12,315 shares of the software maker’s stock valued at $353,000 after acquiring an additional 2,364 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.