Shares of PROS Holdings, Inc. (NYSE:PRO) have received an average rating of “Buy” from the six brokerages that are covering the firm. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.33.
A number of research analysts have recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of PROS Holdings in a research note on Monday, February 13th. Zacks Investment Research lowered shares of PROS Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Finally, Needham & Company LLC boosted their price target on shares of PROS Holdings from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd.
PROS Holdings (NYSE:PRO) traded up 1.43% during trading on Monday, hitting $23.36. The company had a trading volume of 99,231 shares. PROS Holdings has a 52-week low of $10.87 and a 52-week high of $25.66. The firm’s 50 day moving average is $22.97 and its 200-day moving average is $22.75. The stock’s market capitalization is $721.29 million.
PROS Holdings (NYSE:PRO) last posted its quarterly earnings data on Tuesday, February 7th. The software maker reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.05. The company had revenue of $39.90 million for the quarter, compared to analyst estimates of $38.18 million. PROS Holdings had a negative net margin of 49.08% and a negative return on equity of 208.19%. PROS Holdings’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, equities analysts forecast that PROS Holdings will post ($0.87) earnings per share for the current year.
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In other PROS Holdings news, CEO Andres Reiner sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $22.40, for a total transaction of $1,120,000.00. Following the transaction, the chief executive officer now directly owns 487,638 shares in the company, valued at $10,923,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 83,579 shares of company stock worth $1,915,487 over the last 90 days. 18.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cadian Capital Management LP raised its position in shares of PROS Holdings by 3.9% in the third quarter. Cadian Capital Management LP now owns 2,141,328 shares of the software maker’s stock valued at $48,415,000 after buying an additional 80,000 shares during the last quarter. Morgan Stanley raised its position in shares of PROS Holdings by 1.8% in the third quarter. Morgan Stanley now owns 1,656,480 shares of the software maker’s stock valued at $37,452,000 after buying an additional 29,630 shares during the last quarter. DF Dent & Co. Inc. raised its position in shares of PROS Holdings by 89.5% in the third quarter. DF Dent & Co. Inc. now owns 1,587,506 shares of the software maker’s stock valued at $35,894,000 after buying an additional 749,720 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of PROS Holdings by 2.8% in the first quarter. Conestoga Capital Advisors LLC now owns 1,408,121 shares of the software maker’s stock valued at $34,062,000 after buying an additional 37,820 shares during the period. Finally, Sagard Capital Partners Management Corp increased its stake in shares of PROS Holdings by 25.7% in the fourth quarter. Sagard Capital Partners Management Corp now owns 1,073,093 shares of the software maker’s stock valued at $23,093,000 after buying an additional 219,727 shares during the period. Institutional investors own 91.13% of the company’s stock.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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