Analysts Set PROS Holdings, Inc. (NYSE:PRO) PT at $32.00

PROS Holdings, Inc. (NYSE:PRO) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.00.

Several equities research analysts recently commented on PRO shares. Stifel Nicolaus increased their price objective on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Robert W. Baird increased their price objective on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of PROS in a research report on Friday, February 7th. KeyCorp increased their price objective on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th.

PROS Trading Up 2.0 %

NYSE PRO opened at $21.01 on Thursday. PROS has a 12 month low of $16.64 and a 12 month high of $38.71. The stock has a market cap of $999.50 million, a P/E ratio of -47.75 and a beta of 1.14. The stock’s fifty day moving average price is $24.00 and its 200-day moving average price is $21.92.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, analysts forecast that PROS will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at PROS

In other news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS in the fourth quarter worth about $30,000. Ancora Advisors LLC bought a new stake in PROS during the 4th quarter valued at approximately $33,000. Quadrant Capital Group LLC raised its stake in PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after purchasing an additional 926 shares during the period. Comerica Bank raised its stake in PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,140 shares during the period. Finally, Quarry LP raised its stake in PROS by 587.6% during the 4th quarter. Quarry LP now owns 5,803 shares of the software maker’s stock valued at $127,000 after purchasing an additional 4,959 shares during the period. Institutional investors own 94.27% of the company’s stock.

PROS Company Profile

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.