PROS (NYSE:PRO) Cut to “Hold” at StockNews.com

PROS (NYSE:PRO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other research analysts have also issued research reports about the stock. Oppenheimer dropped their price target on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus dropped their target price on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America decreased their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. KeyCorp dropped their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird reduced 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. One 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.com, the company has an average rating of “Moderate Buy” and an average price target of $31.63.

PROS Trading Down 5.0 %

Shares of NYSE:PRO opened at $19.80 on Wednesday. The business’s 50 day moving average is $18.54 and its 200-day moving average is $24.47. The firm has a market capitalization of $934.68 million, a PE ratio of -31.94 and a beta of 1.21. PROS has a 1-year low of $16.64 and a 1-year high of $40.99.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) EPS. On average, sell-side analysts predict that PROS will post -0.43 EPS for the current year.

Institutional Investors Weigh In On PROS

Several hedge funds and other institutional investors have recently made changes to their positions in PRO. US Bancorp DE lifted its stake in shares of PROS by 136.9% during the third quarter. US Bancorp DE now owns 16,659 shares of the software maker’s stock valued at $309,000 after acquiring an additional 9,627 shares during the period. Assenagon Asset Management S.A. lifted its position in PROS by 218.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker’s stock valued at $7,742,000 after purchasing an additional 286,825 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake 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 purchasing an additional 2,393 shares during the last quarter. Kopion Asset Management LLC boosted its stake in shares of PROS by 60.0% in the 3rd quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock valued at $8,551,000 after purchasing an additional 173,168 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of PROS during the 3rd quarter worth approximately $249,000. 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.