PROS Holdings, Inc. (NYSE:PRO) Receives $31.88 Average Target Price from Analysts

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has earned an average recommendation of "Buy" from the eight analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $31.88.

Several equities research analysts recently commented on the stock. KeyCorp cut their price target on shares of PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Needham & Company LLC cut their target price on PROS from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Northland Securities reissued an "outperform" rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Finally, Oppenheimer cut their target price on shares of PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th.

PROS Price Performance

NYSE PRO traded down $0.74 during trading on Friday, reaching $22.09. 336,459 shares of the company's stock traded hands, compared to its average volume of 470,771. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -35.63 and a beta of 1.21. PROS has a 12-month low of $16.64 and a 12-month high of $40.03. The company's 50 day simple moving average is $22.39 and its two-hundred day simple moving average is $22.01.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly 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 business had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same period in the prior year, the business posted ($0.17) EPS. PROS's revenue was up 7.1% compared to the same quarter last year. Research analysts expect that PROS will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

Several institutional investors have recently added to or reduced their stakes in PRO. Jacobs Levy Equity Management Inc. purchased a new stake in shares of PROS in the third quarter valued at about $17,921,000. Tensile Capital Management LP increased its position in PROS by 373.4% during the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker's stock worth $21,507,000 after purchasing an additional 915,990 shares during the period. Fred Alger Management LLC lifted its holdings in shares of PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker's stock valued at $83,633,000 after buying an additional 373,982 shares during the period. Algert Global LLC acquired a new stake in PROS in the third quarter valued at $6,713,000. Finally, JPMorgan Chase & Co. boosted its position in shares of PROS by 570.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock worth $7,360,000 after purchasing an additional 338,158 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company's stock.

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.