PROS Holdings, Inc. (PRO) Receives $49.88 Average Price Target from Brokerages

PROS Holdings, Inc. (NYSE:PRO) has earned a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $49.88.

PRO has been the subject of several recent research reports. Zacks Investment Research raised PROS from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Saturday, January 26th. Needham & Company LLC raised their target price on PROS from $50.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 26th. Royal Bank of Canada raised their price objective on PROS to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Nomura raised their price objective on PROS from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price objective on PROS from $42.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, April 26th.

A number of large investors have recently added to or reduced their stakes in PRO. Primecap Management Co. CA grew its position in shares of PROS by 17.9% in the first quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock valued at $140,254,000 after purchasing an additional 504,500 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in PROS by 0.7% during the first quarter. Conestoga Capital Advisors LLC now owns 2,369,911 shares of the software maker’s stock worth $100,105,000 after buying an additional 15,525 shares in the last quarter. BlackRock Inc. grew its position in PROS by 4.5% during the fourth quarter. BlackRock Inc. now owns 2,321,872 shares of the software maker’s stock worth $72,907,000 after buying an additional 99,267 shares in the last quarter. Vanguard Group Inc grew its position in PROS by 18.5% during the third quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after buying an additional 247,315 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in PROS by 18.5% during the third quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after buying an additional 247,315 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Shares of PRO stock traded up $0.23 on Friday, hitting $51.49. 1,608 shares of the company’s stock were exchanged, compared to its average volume of 523,476. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.95. PROS has a 12 month low of $28.18 and a 12 month high of $53.35. The company has a market cap of $1.91 billion, a P/E ratio of -46.67 and a beta of 1.27.

PROS (NYSE:PRO) last posted its earnings results on Thursday, April 25th. The software maker reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. The firm had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.66 million. PROS had a negative return on equity of 188.83% and a negative net margin of 30.36%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share. As a group, equities research analysts anticipate that PROS will post -0.86 earnings per share for the current fiscal year.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Analyst Recommendations for PROS (NYSE:PRO)

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