PROS (NYSE:PRO) Issues Quarterly Earnings Results

PROS (NYSE:PRO - Get Free Report) issued its earnings results on Tuesday. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05, Briefing.com reports. The company had revenue of $82.70 million for the quarter, compared to analysts' expectations of $82.32 million. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) earnings per share.

PROS Stock Performance

PRO traded up $1.17 during trading on Friday, hitting $20.97. The stock had a trading volume of 608,702 shares, compared to its average volume of 461,514. PROS has a twelve month low of $16.64 and a twelve month high of $40.99. The stock has a 50 day simple moving average of $18.60 and a two-hundred day simple moving average of $24.34. The company has a market capitalization of $992.09 million, a PE ratio of -33.82 and a beta of 1.21.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PRO shares. KeyCorp lowered their price objective on shares of PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Wednesday. Needham & Company LLC reduced their price objective on PROS from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday. Oppenheimer decreased their target price on PROS from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded PROS from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Northland Securities restated an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.63.

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.