PROS (NYSE:PRO) Stock Rating Lowered by Oppenheimer

Oppenheimer cut shares of PROS (NYSE:PRO - Free Report) from an outperform rating to a market perform rating in a research report released on Thursday, MarketBeat.com reports.

Several other equities analysts have also commented on the stock. Northland Securities reiterated an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of PROS in a research report on Wednesday, October 30th. StockNews.com raised shares of PROS from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. KeyCorp reduced their target price on shares of PROS from $36.00 to $28.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Craig Hallum raised shares of PROS from a "hold" rating to a "buy" rating and set a $31.00 target price on the stock in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on shares of PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.88.

PROS Stock Performance

PRO stock traded down $0.58 during trading on Thursday, hitting $21.67. 349,426 shares of the company's stock traded hands, compared to its average volume of 415,048. PROS has a 52 week low of $16.64 and a 52 week high of $38.71. The business has a fifty day simple moving average of $22.95 and a 200 day simple moving average of $21.41. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -34.96 and a beta of 1.21.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. During the same quarter last year, the business earned ($0.17) EPS. PROS's revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts forecast that PROS will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its holdings in PROS by 28.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker's stock worth $314,000 after acquiring an additional 3,148 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PROS by 570.6% in 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. Barclays PLC boosted its stake in PROS by 345.4% in the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after purchasing an additional 184,856 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in PROS in the 3rd quarter worth approximately $694,000. Finally, K2 Principal Fund L.P. boosted its stake in PROS by 29.5% in the 3rd quarter. K2 Principal Fund L.P. now owns 68,000 shares of the software maker's stock worth $1,259,000 after purchasing an additional 15,482 shares in the last quarter. Hedge funds and other institutional investors 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.