PROS (NYSE:PRO) Shares Cross Above 200 Day Moving Average – What’s Next?

PROS Holdings, Inc. (NYSE:PRO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.64 and traded as high as $21.78. PROS shares last traded at $21.75, with a volume of 540,026 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PRO shares. Needham & Company LLC dropped their price target on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Robert W. Baird boosted their price target on shares of PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. 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 research note on Wednesday, October 30th. Finally, KeyCorp cut their price objective on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, PROS currently has an average rating of “Buy” and a consensus price target of $31.88.

PROS Stock Performance

The firm has a market capitalization of $1.03 billion, a P/E ratio of -35.08 and a beta of 1.21. The business’s fifty day moving average price is $22.88 and its two-hundred day moving average price is $21.64.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share 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 analyst estimates of $82.32 million. PROS’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share. Sell-side analysts predict that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On PROS

Institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC increased its position in shares of PROS by 183,446.2% in the 2nd quarter. Quest Partners LLC now owns 23,861 shares of the software maker’s stock valued at $684,000 after acquiring an additional 23,848 shares during the period. William Blair Investment Management LLC grew its stake in PROS by 7.9% during the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after purchasing an additional 54,607 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of PROS in the second quarter valued at about $264,000. Envestnet Asset Management Inc. raised its stake in shares of PROS by 18.1% in the second quarter. Envestnet Asset Management Inc. now owns 375,076 shares of the software maker’s stock worth $10,746,000 after purchasing an additional 57,511 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of PROS by 17.3% during the second quarter. Renaissance Technologies LLC now owns 102,400 shares of the software maker’s stock worth $2,934,000 after purchasing an additional 15,100 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

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.