PROS Holdings, Inc. (NYSE:PRO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.00.

A number of analysts recently commented on PRO shares. KeyCorp upped their price target 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. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Stifel Nicolaus lifted their price target on PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Northland Securities reissued an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Finally, StockNews.com raised PROS from a "hold" rating to a "buy" rating in a report on Saturday, November 16th.

Insider Buying and Selling at PROS

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PROS

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

PROS Stock Performance

NYSE PRO traded down $0.79 on Friday, hitting $26.46. 207,322 shares of the stock traded hands, compared to its average volume of 447,348. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -60.14 and a beta of 1.22. The business's fifty day moving average is $23.70 and its two-hundred day moving average is $21.35. PROS has a 12 month low of $16.64 and a 12 month high of $38.71.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). Analysts expect that PROS will post -0.2 EPS 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.