Analysts Set PROS Holdings, Inc. (NYSE:PRO) Price Target at $31.88

PROS Holdings, Inc. (NYSE:PRO) has been assigned an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.88.

Several equities analysts have recently weighed in on PRO shares. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, October 30th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Needham & Company LLC reduced their price objective on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Northland Securities reaffirmed an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Finally, KeyCorp reduced their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th.

PROS Price Performance

NYSE PRO opened at $21.96 on Friday. The stock has a market capitalization of $1.04 billion, a P/E ratio of -35.42 and a beta of 1.21. The business has a 50 day simple moving average of $22.62 and a 200 day simple moving average of $21.86. PROS has a one year low of $16.64 and a one year high of $38.71.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same period last year, the business earned ($0.17) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that PROS will post -0.29 earnings per share for the current year.

Institutional Trading of PROS

Institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new position in shares of PROS in the third quarter valued at approximately $17,921,000. Tensile Capital Management LP grew its stake in PROS by 373.4% in the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock valued at $21,507,000 after purchasing an additional 915,990 shares during the period. Fred Alger Management LLC grew its stake in PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after purchasing an additional 373,982 shares during the period. Algert Global LLC purchased a new stake in shares of PROS during the 3rd quarter valued at $6,713,000. Finally, JPMorgan Chase & Co. raised its stake in shares of PROS by 570.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock worth $7,360,000 after purchasing an additional 338,158 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.