PROS’s (PRO) “Outperform” Rating Reiterated at Northland Securities

Northland Securities reissued their outperform rating on shares of PROS (NYSE:PRO) in a research report released on Wednesday, Benzinga reports. The firm currently has a $38.00 price objective on the software maker’s stock, down from their prior price objective of $40.00.

Other equities research analysts also recently issued research reports about the stock. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday. KeyCorp decreased their target price on shares of PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. 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. Robert W. Baird decreased their target price on shares of PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Oppenheimer decreased their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PROS has a consensus rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Price Performance

Shares of NYSE PRO opened at $20.95 on Wednesday. The company’s 50 day simple moving average is $18.60 and its 200 day simple moving average is $24.34. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The firm has a market capitalization of $991.14 million, a P/E ratio of -33.82 and a beta of 1.21.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) earnings per share. Sell-side analysts expect that PROS will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS in the 2nd quarter valued at about $29,000. Quarry LP bought a new position in shares of PROS in the 2nd quarter valued at about $38,000. Hennion & Walsh Asset Management Inc. grew its position in shares of PROS by 27.4% in the 3rd 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. Principal Financial Group Inc. grew its position in shares of PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after acquiring an additional 484 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of PROS during the 2nd quarter worth about $210,000. Institutional investors own 94.27% of the company’s stock.

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.