PROS Holdings, Inc. (PRO) Receives Average Rating of “Hold” from Brokerages

PROS Holdings, Inc. (NYSE:PRO) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.20.

Several analysts have issued reports on the stock. Zacks Investment Research cut shares of PROS from a “hold” rating to a “sell” rating in a research note on Tuesday. DA Davidson assumed coverage on shares of PROS in a research note on Friday, February 2nd. They issued a “neutral” rating and a $28.00 target price on the stock. Needham & Company LLC upgraded shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Monday, December 11th. Finally, ValuEngine cut shares of PROS from a “hold” rating to a “sell” rating in a research note on Friday, October 27th.

PROS (NYSE:PRO) traded down $0.48 during midday trading on Tuesday, reaching $30.69. 149,224 shares of the company’s stock traded hands, compared to its average volume of 252,197. PROS has a fifty-two week low of $21.36 and a fifty-two week high of $33.20. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of -5.94. The stock has a market cap of $1,016.62, a PE ratio of -12.44 and a beta of 1.42.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $46.34 million during the quarter, compared to analysts’ expectations of $44.68 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. analysts forecast that PROS will post -1.27 EPS for the current fiscal year.

Several large investors have recently modified their holdings of PRO. FMR LLC bought a new position in shares of PROS in the 2nd quarter worth $13,853,000. Riverbridge Partners LLC increased its holdings in shares of PROS by 20.2% in the 3rd quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock worth $62,889,000 after buying an additional 437,522 shares during the last quarter. DF Dent & Co. Inc. increased its holdings in shares of PROS by 16.6% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock worth $65,219,000 after buying an additional 385,329 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of PROS by 15.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,927,134 shares of the software maker’s stock worth $50,973,000 after buying an additional 262,888 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of PROS by 39.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 836,510 shares of the software maker’s stock worth $22,126,000 after buying an additional 235,463 shares during the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

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About PROS

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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