PROS (NYSE:PRO) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research note published on Wednesday.

A number of other analysts also recently issued reports on PRO. Stifel Nicolaus lowered 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. Oppenheimer lowered their target price on shares of PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Craig Hallum cut their target price on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of PROS in a report on Monday, September 9th. Finally, KeyCorp cut their price target on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.86.

PROS Stock Performance

NYSE PRO opened at $19.68 on Wednesday. PROS has a 52 week low of $16.64 and a 52 week high of $40.99. The stock’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $25.56. The stock has a market capitalization of $929.09 million, a price-to-earnings ratio of -21.39 and a beta of 1.21.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. During the same period in the prior year, the firm earned ($0.24) EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that PROS will post -0.43 EPS for the current year.

Institutional Trading of PROS

Several institutional investors have recently added to or reduced their stakes in PRO. Fred Alger Management LLC lifted its holdings in shares of PROS by 14.7% during the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after buying an additional 373,982 shares in the last quarter. Kopion Asset Management LLC raised its stake in PROS by 60.0% in the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock worth $8,551,000 after purchasing an additional 173,168 shares in the last quarter. RGM Capital LLC raised its stake in PROS by 5.9% in the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after purchasing an additional 166,301 shares in the last quarter. Vanguard Group Inc. boosted its holdings in PROS by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of PROS during the 2nd quarter worth approximately $2,472,000. 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.