Brokerages Set PROS Holdings, Inc. (NYSE:PRO) PT at $31.63

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has been given a consensus recommendation of "Buy" by the eight ratings firms that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.63.

A number of research analysts recently commented on PRO shares. Stifel Nicolaus lowered their price target on shares of PROS from $40.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. KeyCorp decreased their price target on PROS from $36.00 to $28.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. StockNews.com cut shares of PROS from a "buy" rating to a "hold" rating in a research report on Friday. Bank of America lowered their target price on shares of PROS from $43.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 27th. Finally, Oppenheimer cut their price target on shares of PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PRO. Vanguard Group Inc. increased its holdings in shares of PROS by 3.0% in the 1st 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. RGM Capital LLC increased its holdings in shares of PROS by 5.9% in the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker's stock valued at $85,339,000 after acquiring an additional 166,301 shares during the period. Fred Alger Management LLC increased 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 acquiring an additional 373,982 shares during the period. William Blair Investment Management LLC increased its holdings in shares of PROS by 7.9% in the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker's stock valued at $21,344,000 after acquiring an additional 54,607 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of PROS by 21.7% in the 1st 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. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Price Performance

Shares of PRO stock traded down $0.78 during trading hours on Friday, hitting $22.48. The stock had a trading volume of 587,159 shares, compared to its average volume of 465,321. The stock's 50-day moving average price is $18.82 and its two-hundred day moving average price is $24.03. PROS has a one year low of $16.64 and a one year high of $40.99. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -36.26 and a beta of 1.20.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. As a group, equities research analysts predict that PROS will post -0.29 earnings per share for the current fiscal year.

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.