PROS (NYSE:PRO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

PROS (NYSE:PRO - Free Report) had its target price hoisted by Stifel Nicolaus from $26.00 to $30.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the software maker's stock.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of PROS in a research note on Friday. Northland Securities restated an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. KeyCorp increased their price objective on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday. Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Finally, StockNews.com upgraded shares of PROS from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PROS presently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

PROS Price Performance

PRO stock traded down $0.01 during trading hours on Friday, reaching $27.38. 262,858 shares of the stock were exchanged, compared to its average volume of 464,585. The firm's 50-day moving average is $23.38 and its 200-day moving average is $21.24. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -62.09 and a beta of 1.22. PROS has a 12 month low of $16.64 and a 12 month high of $38.71.

PROS (NYSE:PRO - Get Free Report) last released 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). As a group, equities research analysts forecast that PROS will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On PROS

A number of hedge funds and other institutional investors have recently made changes to their positions in PRO. The Manufacturers Life Insurance Company raised its position in shares of PROS by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker's stock valued at $672,000 after buying an additional 1,646 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of PROS in the second quarter valued at approximately $365,000. Cubist Systematic Strategies LLC acquired a new stake in shares of PROS in the second quarter valued at approximately $2,472,000. Inspire Investing LLC raised its position in shares of PROS by 82.0% in the third quarter. Inspire Investing LLC now owns 22,414 shares of the software maker's stock valued at $415,000 after buying an additional 10,099 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of PROS in the third quarter valued at approximately $249,000. 94.27% of the stock is currently 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.