PROS (NYSE:PRO) Reaches New 1-Year Low - Should You Sell?

PROS Holdings, Inc. (NYSE:PRO - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $16.61 and last traded at $16.69, with a volume of 483618 shares. The stock had previously closed at $18.12.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PRO. Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday. Stifel Nicolaus lifted their price target on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Oppenheimer cut PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of PROS in a research note on Friday, February 7th. Finally, KeyCorp upped their price target on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.63.

PROS Stock Up 11.3 %

The firm has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $21.96. The company has a market cap of $812.07 million, a price-to-earnings ratio of -38.61 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). As a group, research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Insider Buying and Selling

In other PROS news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was 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 directly owns 59,159 shares of the company's stock, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On PROS

Several hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS during the 4th quarter worth $30,000. Ancora Advisors LLC purchased a new position in PROS during the fourth quarter worth about $33,000. Quadrant Capital Group LLC raised its holdings in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after purchasing an additional 926 shares in the last quarter. Comerica Bank lifted its position in PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after purchasing an additional 1,140 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in PROS by 2,716.9% in the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock valued at $41,000 after purchasing an additional 2,092 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

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.