PROS (NYSE:PRO) Lowered to “Neutral” Rating by Robert W. Baird

Robert W. Baird lowered shares of PROS (NYSE:PRO) from an outperform rating to a neutral rating in a research note published on Monday, Marketbeat Ratings reports. The firm currently has $18.00 target price on the software maker’s stock, down from their previous target price of $27.00.

Several other research analysts have also commented on PRO. KeyCorp decreased their price target on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Northland Securities set a $38.00 target price on PROS in a research note on Wednesday, May 28th. Stifel Nicolaus dropped their price target on PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of PROS in a research report on Thursday, June 12th. Finally, Wall Street Zen lowered shares of PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

PROS Trading Down 1.5%

Shares of PRO opened at $14.33 on Monday. PROS has a 52 week low of $13.96 and a 52 week high of $29.84. The firm has a market cap of $685.74 million, a price-to-earnings ratio of -51.18 and a beta of 1.03. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $20.86.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $86.32 million for the quarter, compared to the consensus estimate of $85.69 million. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 earnings per share. On average, sell-side analysts predict that PROS will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. increased its holdings in shares of PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker’s stock valued at $38,387,000 after buying an additional 1,345,256 shares in the last quarter. Nuveen LLC acquired a new stake in PROS during the 1st quarter worth about $23,893,000. Nuveen Asset Management LLC boosted its holdings in shares of PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker’s stock worth $30,378,000 after purchasing an additional 1,069,141 shares during the period. EVR Research LP grew its holdings in shares of PROS by 939.7% during the 1st quarter. EVR Research LP now owns 727,822 shares of the software maker’s stock valued at $13,850,000 after acquiring an additional 657,822 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in PROS in the fourth quarter valued at about $6,447,000. 94.27% of the stock is owned by institutional investors and hedge funds.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.