PROS (NYSE:PRO) Shares Gap Up After Analyst Upgrade

PROS Holdings, Inc. (NYSE:PRO - Get Free Report)'s share price gapped up prior to trading on Friday after Stifel Nicolaus raised their price target on the stock from $26.00 to $30.00. The stock had previously closed at $24.92, but opened at $28.83. Stifel Nicolaus currently has a buy rating on the stock. PROS shares last traded at $27.21, with a volume of 351,645 shares trading hands.

PRO has been the subject of a number of other research reports. KeyCorp raised their target price on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 target price on shares of PROS in a research report on Friday. Craig Hallum upgraded PROS from a "hold" rating to a "buy" rating and set a $31.00 price target for the company in a research note on Wednesday, October 30th. Northland Securities restated an "outperform" rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their price target on PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PROS has an average rating of "Moderate Buy" and an average price target of $32.00.

Institutional Trading of PROS

A number of large investors have recently bought and sold shares of the business. RGM Capital LLC grew its stake 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 valued at $56,091,000 after buying an additional 50,000 shares during the period. Rockefeller Capital Management L.P. lifted its position 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 worth $32,008,000 after buying an additional 39,846 shares in the last quarter. State Street Corp lifted its position in shares of PROS by 2.9% during the 3rd quarter. State Street Corp now owns 1,167,706 shares of the software maker's stock worth $21,626,000 after buying an additional 33,176 shares in the last quarter. Tensile Capital Management LP increased its stake in shares of PROS by 373.4% during the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker's stock worth $21,507,000 after purchasing an additional 915,990 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of PROS during the 3rd quarter worth approximately $17,921,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Stock Performance

The firm has a market capitalization of $1.30 billion, a PE ratio of -62.23 and a beta of 1.22. The business's 50 day moving average is $23.38 and its two-hundred day moving average is $21.24.

PROS (NYSE:PRO - Get Free Report) last released its quarterly 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, equities research analysts predict that PROS Holdings, Inc. will post -0.17 EPS for the current 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.