PROS (NYSE:PRO) Shares Gap Up to $17.21

PROS Holdings, Inc. (NYSE:PRO - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $17.21, but opened at $17.84. PROS shares last traded at $18.31, with a volume of 43,635 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PRO shares. Craig Hallum decreased their price objective on shares of PROS from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of PROS from $45.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. KeyCorp decreased their price objective 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 reaffirmed a "buy" rating and set a $40.00 price target on shares of PROS in a research report on Monday. Finally, Stifel Nicolaus reduced their price target on shares of PROS from $40.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.86.

PROS Price Performance

The firm has a market cap of $842.23 million, a P/E ratio of -16.99 and a beta of 1.20. The firm's 50-day moving average price is $21.22 and its 200 day moving average price is $28.52.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to analyst estimates of $81.38 million. PROS's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) EPS. Analysts forecast that PROS Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On PROS

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in PROS by 137.6% during the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker's stock worth $27,000 after acquiring an additional 406 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the second quarter valued at approximately $29,000. Quarry LP acquired a new stake in shares of PROS in the second quarter valued at approximately $38,000. Lindenwold Advisors INC acquired a new stake in shares of PROS in the fourth quarter valued at approximately $216,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of PROS in the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds 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.