PROS (NYSE:PRO) Trading Down 5.2% - Should You Sell?

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) shares were down 5.2% on Monday . The company traded as low as $18.50 and last traded at $18.65. Approximately 92,090 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 454,047 shares. The stock had previously closed at $19.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PRO shares. Oppenheimer dropped their target price on PROS from $42.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. StockNews.com upgraded PROS from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of PROS in a report on Monday, September 9th. Craig Hallum lowered their price target on PROS from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.86.

PROS Stock Down 5.3 %

The stock has a market cap of $875.92 million, a P/E ratio of -17.75 and a beta of 1.21. The business has a 50-day simple moving average of $18.59 and a 200-day simple moving average of $25.41.

PROS (NYSE:PRO - Get Free Report) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The company had revenue of $82.01 million for the quarter, compared to the consensus estimate of $81.38 million. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. On average, analysts predict that PROS Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PROS

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in shares of PROS in the first quarter valued at approximately $1,291,000. Vanguard Group Inc. boosted its position in shares of PROS by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker's stock valued at $178,367,000 after acquiring an additional 144,729 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of PROS by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker's stock valued at $17,226,000 after acquiring an additional 84,591 shares during the period. Inspire Advisors LLC bought a new stake in shares of PROS in the first quarter valued at approximately $775,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of PROS by 82.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 128,453 shares of the software maker's stock valued at $4,667,000 after acquiring an additional 57,945 shares during the period. 94.27% of the stock is owned by institutional investors.

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.