Equities analysts predict that PROS Holdings, Inc. (NYSE:PRO) will announce earnings of ($0.39) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for PROS Holdings’ earnings. PROS Holdings reported earnings of ($0.45) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that PROS Holdings will report full year earnings of ($1.43) per share for the current year. For the next year, analysts expect that the firm will report earnings of ($1.21) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover PROS Holdings.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.34) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.08. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 48.21%. The firm had revenue of $40.13 million during the quarter, compared to analysts’ expectations of $38.60 million.
PRO has been the subject of several research reports. Zacks Investment Research raised PROS Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Stifel Nicolaus lifted their price objective on PROS Holdings from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Deutsche Bank AG lifted their price objective on PROS Holdings to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Pacific Crest lifted their price objective on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, June 29th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. PROS Holdings presently has an average rating of “Buy” and a consensus price target of $31.20.
In related news, Director Leslie J. Rechan purchased 4,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was bought at an average price of $25.54 per share, with a total value of $102,160.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $27.48, for a total value of $774,249.00. Following the transaction, the chief executive officer now directly owns 417,715 shares of the company’s stock, valued at approximately $11,478,808.20. The disclosure for this sale can be found here. Insiders have sold 153,572 shares of company stock valued at $4,022,499 in the last three months. 18.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in PROS Holdings by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 726,633 shares of the software maker’s stock valued at $17,577,000 after buying an additional 63,484 shares during the last quarter. Driehaus Capital Management LLC bought a new position in PROS Holdings during the first quarter valued at $5,103,000. Dragoneer Investment Group LLC bought a new position in PROS Holdings during the first quarter valued at $1,748,000. Bank of America Corp DE increased its position in PROS Holdings by 15.3% in the first quarter. Bank of America Corp DE now owns 135,447 shares of the software maker’s stock valued at $3,277,000 after buying an additional 18,007 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in PROS Holdings during the first quarter valued at $927,000. 89.48% of the stock is owned by institutional investors.
Shares of PROS Holdings (NYSE PRO) traded up 0.92% during mid-day trading on Wednesday, hitting $28.61. The company had a trading volume of 187,233 shares. PROS Holdings has a 12 month low of $16.25 and a 12 month high of $30.49. The firm has a 50-day moving average price of $27.80 and a 200 day moving average price of $24.11. The firm’s market capitalization is $899.33 million.
PROS Holdings Company Profile
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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