PROS's (PRO) "Buy" Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of PROS (NYSE:PRO - Free Report) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $30.00 price target on the software maker's stock.

PRO has been the topic of several other research reports. Craig Hallum upgraded shares of PROS from a "hold" rating to a "buy" rating and set a $31.00 price objective on the stock in a report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Northland Securities reissued an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a report on Wednesday, October 30th. KeyCorp dropped their target price on PROS from $36.00 to $28.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.00.

PROS Price Performance

Shares of PROS stock traded up $0.02 on Friday, hitting $27.41. 230,232 shares of the company's stock traded hands, compared to its average volume of 464,401. The company has a fifty day moving average of $23.38 and a two-hundred day moving average of $21.24. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -62.27 and a beta of 1.22. PROS has a one year low of $16.64 and a one year 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). Equities research analysts anticipate that PROS will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PRO. BNP Paribas Financial Markets boosted its stake in PROS by 570.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 266,132 shares of the software maker's stock worth $4,929,000 after purchasing an additional 226,443 shares during the period. Barclays PLC grew 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 buying an additional 184,856 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of PROS by 3,489.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 268,362 shares of the software maker's stock worth $4,970,000 after buying an additional 260,886 shares during the last quarter. Point72 Asset Management L.P. raised its position in PROS by 262.2% during the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker's stock valued at $586,000 after purchasing an additional 22,903 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in PROS in the third quarter worth approximately $17,921,000. 94.27% of the stock is owned by institutional investors.

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.