PROS (NYSE:PRO) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a research report report published on Tuesday morning, ValuEngine reports.

A number of other equities analysts have also weighed in on PRO. Northland Securities reissued a buy rating and issued a $72.00 target price on shares of PROS in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a buy rating and set a $80.00 price target on shares of PROS in a report on Friday, November 15th. JPMorgan Chase & Co. downgraded shares of PROS from an overweight rating to a neutral rating and dropped their price target for the company from $78.00 to $65.00 in a report on Friday, October 25th. Craig Hallum reduced their price target on shares of PROS to $80.00 and set a buy rating for the company in a research note on Friday, October 25th. Finally, Zacks Investment Research cut shares of PROS from a buy rating to a hold rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. PROS currently has an average rating of Buy and an average target price of $71.91.

PROS stock opened at $61.55 on Tuesday. PROS has a 12 month low of $28.67 and a 12 month high of $75.39. The stock has a fifty day simple moving average of $55.98 and a two-hundred day simple moving average of $62.04. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -56.47 and a beta of 1.14.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.21). PROS had a negative return on equity of 41.04% and a negative net margin of 27.26%. The firm had revenue of $64.20 million for the quarter, compared to the consensus estimate of $63.32 million. During the same period in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities research analysts forecast that PROS will post -0.8 EPS for the current fiscal year.

In other PROS news, CEO Andres Reiner sold 24,537 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $59.69, for a total value of $1,464,613.53. Following the transaction, the chief executive officer now directly owns 697,072 shares of the company’s stock, valued at $41,608,227.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stefan B. Schulz sold 11,250 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $52.53, for a total value of $590,962.50. Following the sale, the chief financial officer now owns 219,956 shares of the company’s stock, valued at $11,554,288.68. The disclosure for this sale can be found here. In the last three months, insiders sold 61,382 shares of company stock worth $3,367,175. 13.70% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Columbus Circle Investors bought a new stake in PROS during the second quarter valued at approximately $6,396,000. Brown Capital Management LLC boosted its stake in shares of PROS by 15.9% during the 2nd quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock worth $409,865,000 after acquiring an additional 888,018 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of PROS by 256.4% during the 2nd quarter. Wells Fargo & Company MN now owns 206,310 shares of the software maker’s stock worth $13,052,000 after acquiring an additional 148,422 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of PROS during the 3rd quarter valued at $1,660,000. Finally, Comerica Bank grew its position in shares of PROS by 31.6% during the 3rd quarter. Comerica Bank now owns 61,741 shares of the software maker’s stock valued at $3,412,000 after acquiring an additional 14,830 shares during the period. Hedge funds and other institutional investors own 95.68% of the company’s stock.

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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