PROS (NYSE:PRO) Price Target Raised to $31.00

PROS (NYSE:PRO - Get Free Report) had its price target boosted by investment analysts at KeyCorp from $28.00 to $31.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the software maker's stock. KeyCorp's price objective points to a potential upside of 13.22% from the stock's previous close.

A number of other research firms also recently weighed in on PRO. StockNews.com upgraded PROS from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Craig Hallum upgraded shares of PROS from a "hold" rating to a "buy" rating and set a $31.00 target price for the company in a research report on Wednesday, October 30th. Robert W. Baird increased their price target on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, Northland Securities restated an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

PROS Stock Down 0.0 %

Shares of PROS stock traded down $0.01 during trading on Friday, reaching $27.38. The company's stock had a trading volume of 262,858 shares, compared to its average volume of 464,585. The business's 50-day moving average price is $23.38 and its 200-day moving average price is $21.24. PROS has a 52 week low of $16.64 and a 52 week high of $38.71. The firm has a market cap of $1.30 billion, a PE ratio of -62.09 and a beta of 1.22.

PROS (NYSE:PRO - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). Equities analysts predict that PROS will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On PROS

Hedge funds have recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in PROS in the fourth quarter valued at about $156,000. Royce & Associates LP increased its stake in shares of PROS by 174.7% in the fourth quarter. Royce & Associates LP now owns 128,164 shares of the software maker's stock valued at $2,814,000 after buying an additional 81,500 shares during the period. Globeflex Capital L P bought a new position in PROS in the 4th quarter valued at approximately $853,000. Natixis Advisors LLC acquired a new stake in PROS during the 4th quarter worth approximately $237,000. Finally, Swiss National Bank grew its holdings in PROS by 1.7% during the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after acquiring an additional 1,300 shares during 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.