Equities research analysts predict that PROS Holdings, Inc. (NYSE:PRO) will post sales of $63.39 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PROS’s earnings, with estimates ranging from $62.54 million to $64.30 million. PROS posted sales of $49.08 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 24th.
On average, analysts expect that PROS will report full year sales of $247.88 million for the current year, with estimates ranging from $247.41 million to $248.60 million. For the next year, analysts anticipate that the business will post sales of $291.24 million, with estimates ranging from $286.49 million to $297.47 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PROS.
PROS (NYSE:PRO) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.01. The company had revenue of $63.88 million during the quarter, compared to analyst estimates of $61.41 million. PROS had a negative return on equity of 57.99% and a negative net margin of 28.41%. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.16) earnings per share.
PRO has been the subject of several research analyst reports. Nomura raised their price target on PROS from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp raised their price target on PROS from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. ValuEngine lowered PROS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus raised their price target on PROS from $60.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.27.
In other news, CEO Andres Reiner sold 24,537 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 697,072 shares in the company, valued at $41,608,227.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy V. Williams sold 1,000 shares of the stock in a transaction 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 owns 107,373 shares in the company, valued at $7,843,597.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 835,925 shares of company stock valued at $59,942,502. Company insiders own 13.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Capital Management LLC raised its stake in shares of PROS by 15.9% in the second quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock valued at $409,865,000 after acquiring an additional 888,018 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PROS by 45.5% in the second quarter. Vanguard Group Inc. now owns 2,498,223 shares of the software maker’s stock valued at $158,038,000 after acquiring an additional 781,598 shares in the last quarter. BlackRock Inc. raised its stake in shares of PROS by 8.4% in the second quarter. BlackRock Inc. now owns 2,390,678 shares of the software maker’s stock valued at $151,234,000 after acquiring an additional 185,835 shares in the last quarter. Renaissance Technologies LLC raised its stake in PROS by 226.1% in the second quarter. Renaissance Technologies LLC now owns 997,000 shares of the software maker’s stock valued at $63,070,000 after buying an additional 691,300 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in PROS by 0.6% in the second quarter. Stephens Investment Management Group LLC now owns 926,331 shares of the software maker’s stock valued at $58,600,000 after buying an additional 5,419 shares in the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.
PROS stock traded down $2.01 during mid-day trading on Thursday, hitting $54.43. The company’s stock had a trading volume of 320,764 shares, compared to its average volume of 392,127. The firm has a market capitalization of $2.29 billion, a PE ratio of -49.94 and a beta of 1.13. PROS has a 1 year low of $28.18 and a 1 year high of $75.39. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28. The stock’s fifty day moving average is $61.04 and its two-hundred day moving average is $60.28.
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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