PROS Holdings, Inc. (NYSE:PRO) Receives Average Recommendation of "Moderate Buy" from Brokerages

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $32.00.

A number of analysts recently issued reports on PRO shares. Robert W. Baird lifted their price objective on PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. KeyCorp raised their target price on shares of PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Stifel Nicolaus increased their price target on shares of PROS from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 7th. StockNews.com raised shares of PROS from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Finally, Needham & Company LLC reissued a "buy" rating and set a $30.00 target price on shares of PROS in a research report on Friday, February 7th.

Insider Activity at PROS

In other news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company's stock.

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Hedge Funds Weigh In On PROS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after purchasing an additional 172,997 shares during the period. RGM Capital LLC increased its position in PROS by 1.7% during the 3rd quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker's stock worth $56,091,000 after purchasing an additional 50,000 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in PROS by 334.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock valued at $38,387,000 after buying an additional 1,345,256 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of PROS by 2.4% in the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker's stock valued at $32,008,000 after buying an additional 39,846 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock valued at $30,378,000 after acquiring an additional 1,069,141 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Stock Down 4.9 %

PROS stock traded down $1.04 during trading hours on Thursday, hitting $20.14. 543,778 shares of the company traded hands, compared to its average volume of 435,875. The firm has a market cap of $958.11 million, a P/E ratio of -45.78 and a beta of 1.14. The firm's 50-day simple moving average is $24.08 and its two-hundred day simple moving average is $21.88. PROS has a 1-year low of $16.64 and a 1-year high of $38.71.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). On average, equities research analysts predict that PROS will post -0.2 earnings per share for the current year.

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.