PROS (NYSE:PRO) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. The brokerage currently has $81.00 price objective on the software maker’s stock.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

A number of other equities research analysts also recently weighed in on PRO. Northland Securities boosted their price objective on shares of PROS from $55.00 to $72.00 and gave the company an outperform rating in a research report on Friday, July 26th. DA Davidson boosted their target price on shares of PROS to $50.00 and gave the company a neutral rating in a research note on Thursday, May 23rd. JMP Securities reissued a market perform rating on shares of PROS in a research note on Friday, May 10th. Needham & Company LLC set a $80.00 target price on shares of PROS and gave the company a buy rating in a research note on Friday, July 26th. Finally, Nomura boosted their target price on shares of PROS from $77.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $71.18.

Shares of NYSE:PRO opened at $67.90 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 2.28. PROS has a fifty-two week low of $28.18 and a fifty-two week high of $75.39. The firm has a 50-day simple moving average of $69.90 and a 200 day simple moving average of $53.96. The company has a market cap of $2.94 billion, a PE ratio of -62.29 and a beta of 1.13.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The business had revenue of $63.88 million during the quarter, compared to the consensus estimate of $61.41 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. As a group, research analysts forecast that PROS will post -0.83 EPS for the current fiscal year.

In other news, Director Timothy V. Williams sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total value of $73,050.00. Following the completion of the sale, the director now directly owns 107,373 shares of the company’s stock, valued at approximately $7,843,597.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald F. Woestemeyer sold 750,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $72.15, for a total transaction of $54,112,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 781,973 shares of company stock valued at $56,423,109 over the last three months. 13.70% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of PROS in the 2nd quarter worth approximately $25,000. HighTower Advisors LLC lifted its stake in shares of PROS by 5.6% in the 2nd quarter. HighTower Advisors LLC now owns 8,353 shares of the software maker’s stock worth $530,000 after acquiring an additional 440 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of PROS by 7.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 10,023 shares of the software maker’s stock worth $423,000 after acquiring an additional 697 shares during the period. Legal & General Group Plc lifted its stake in shares of PROS by 15.3% in the 4th quarter. Legal & General Group Plc now owns 5,653 shares of the software maker’s stock worth $177,000 after acquiring an additional 752 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of PROS by 19.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,952 shares of the software maker’s stock worth $251,000 after acquiring an additional 959 shares during the period.

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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