PROS (NYSE:PRO) Raised to "Buy" at StockNews.com

PROS (NYSE:PRO - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other research firms have also recently weighed in on PRO. Robert W. Baird dropped their target price on shares of PROS from $35.00 to $28.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Oppenheimer dropped their price target on PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Bank of America decreased their price objective on PROS from $43.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 27th. KeyCorp reduced their target price on shares of PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Finally, Northland Securities restated an "outperform" rating and set a $38.00 price target (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $31.63.

PROS Price Performance

Shares of PRO stock traded down $0.61 on Friday, hitting $22.74. The stock had a trading volume of 505,781 shares, compared to its average volume of 467,733. The business has a 50 day moving average of $19.32 and a 200 day moving average of $23.56. PROS has a 12-month low of $16.64 and a 12-month high of $40.99. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -36.67 and a beta of 1.20.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analysts' expectations of $82.32 million. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. As a group, research analysts expect that PROS will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of PROS

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS in the second quarter worth $29,000. Quarry LP purchased a new position in PROS during the second quarter worth about $38,000. Intech Investment Management LLC bought a new position in PROS in the 3rd quarter worth about $204,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker's stock valued at $206,000 after acquiring an additional 2,393 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of PROS during the 2nd quarter valued at about $210,000. 94.27% of the stock is currently owned by hedge funds and other 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.