PROS (PRO) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of PROS (NYSE:PRO) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

Other equities research analysts have also issued reports about the stock. Nomura initiated coverage on shares of PROS in a report on Thursday, June 14th. They set a buy rating and a $42.00 target price on the stock. JPMorgan Chase & Co. set a $38.00 target price on shares of PROS and gave the stock a buy rating in a report on Friday, April 27th. ValuEngine raised shares of PROS from a hold rating to a buy rating in a report on Monday, April 2nd. DA Davidson boosted their target price on shares of PROS to $31.00 and gave the stock a neutral rating in a report on Friday, May 18th. They noted that the move was a valuation call. Finally, Northland Securities raised shares of PROS from a market perform rating to an outperform rating in a report on Friday, June 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PROS presently has an average rating of Buy and an average target price of $34.86.

Shares of PROS opened at $36.57 on Wednesday, Marketbeat reports. The company has a debt-to-equity ratio of -4.24, a quick ratio of 1.85 and a current ratio of 1.85. PROS has a 1 year low of $21.36 and a 1 year high of $38.36.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, April 26th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. The company had revenue of $47.91 million for the quarter, compared to the consensus estimate of $46.06 million. During the same period last year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. analysts expect that PROS will post -1.34 earnings per share for the current fiscal year.

In other news, CEO Andres Reiner sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $33.52, for a total value of $502,800.00. Following the sale, the chief executive officer now directly owns 470,074 shares of the company’s stock, valued at approximately $15,756,880.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 15.40% of the company’s stock.

Several large investors have recently bought and sold shares of PRO. ETRADE Capital Management LLC bought a new stake in shares of PROS in the 1st quarter valued at $222,000. Teacher Retirement System of Texas acquired a new position in shares of PROS during the 4th quarter valued at $250,000. MetLife Investment Advisors LLC acquired a new position in shares of PROS during the 4th quarter valued at $287,000. Balter Liquid Alternatives LLC acquired a new position in shares of PROS during the 1st quarter valued at $334,000. Finally, Barclays PLC lifted its position in shares of PROS by 161.2% during the 1st quarter. Barclays PLC now owns 11,050 shares of the software maker’s stock valued at $364,000 after acquiring an additional 6,819 shares during the period. 99.95% of the stock is currently owned by institutional investors.

PROS Company Profile

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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