PROS (NYSE:PRO) Rating Lowered to Hold at Zacks Investment Research

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PROS (NYSE:PRO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Zacks.com reports.

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 “

Several other research firms have also weighed in on PRO. Royal Bank of Canada increased their price objective on shares of PROS to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $60.00 in a research note on Friday, April 26th. JMP Securities reiterated a “market perform” rating on shares of PROS in a research note on Friday, May 10th. KeyCorp increased their price objective on shares of PROS from $58.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Nomura increased their price objective on shares of PROS from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.27.

Shares of PROS stock opened at $72.42 on Friday. The firm has a market cap of $2.83 billion, a PE ratio of -66.44 and a beta of 1.13. The firm’s 50-day simple moving average is $68.69 and its 200-day simple moving average is $52.90. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.21 and a current ratio of 2.21. PROS has a 1 year low of $28.18 and a 1 year high of $75.39.

PROS (NYSE:PRO) last issued its earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The business had revenue of $63.88 million for the quarter, compared to analyst estimates of $61.41 million. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.16) EPS. On average, equities analysts predict that PROS will post -0.83 earnings per share for the current year.

In other PROS news, Director Ronald F. Woestemeyer sold 750,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $72.15, for a total value of $54,112,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andres Reiner sold 25,973 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $72.26, for a total transaction of $1,876,808.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 781,973 shares of company stock worth $56,423,109. 13.70% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Brown Capital Management LLC increased 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 purchasing an additional 888,018 shares during the period. Primecap Management Co. CA increased its stake in shares of PROS by 17.9% in the first quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock valued at $140,254,000 after purchasing an additional 504,500 shares during the period. Vanguard Group Inc. increased 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 purchasing an additional 781,598 shares during the period. BlackRock Inc. increased 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 purchasing an additional 185,835 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of 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 purchasing an additional 691,300 shares during the period. Institutional investors own 94.90% of the company’s stock.

About PROS

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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