PROS Holdings, Inc. (NYSE:PRO) Receives $70.50 Average PT from Analysts

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PROS Holdings, Inc. (NYSE:PRO) has been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $70.50.

Several analysts recently commented on the stock. KeyCorp upped their price target on shares of PROS from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of PROS from $55.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Bank of America started coverage on shares of PROS in a research note on Monday, June 17th. They issued a “buy” rating and a $75.00 price objective on the stock. Zacks Investment Research cut shares of PROS from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, Nomura boosted their price objective on shares of PROS from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

PRO stock traded down $0.96 on Thursday, hitting $61.33. The company’s stock had a trading volume of 360,464 shares, compared to its average volume of 397,989. The firm has a 50 day moving average of $69.31 and a two-hundred day moving average of $57.34. PROS has a 1 year low of $28.18 and a 1 year high of $75.39. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -56.27 and a beta of 1.16. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.01. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The firm had revenue of $63.88 million during the quarter, compared to the consensus estimate of $61.41 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. PROS’s revenue for the quarter was up 34.8% on a year-over-year basis. As a group, equities analysts forecast that PROS will post -0.83 EPS for the current fiscal year.

In other news, CEO Andres Reiner sold 25,973 shares of the company’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Dziersk sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $72.49, for a total transaction of $217,470.00. Following the transaction, the executive vice president now directly owns 5,357 shares in the company, valued at $388,328.93. The disclosure for this sale can be found here. Insiders sold a total of 809,388 shares of company stock worth $58,360,668 over the last three months. 13.70% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of PRO. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of PROS during the 1st quarter worth $264,000. 361 Capital LLC acquired a new stake in PROS in the 1st quarter valued at about $2,970,000. AlphaOne Investment Services LLC acquired a new stake in PROS in the 1st quarter valued at about $169,000. Icon Wealth Partners LLC acquired a new stake in PROS in the 1st quarter valued at about $57,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in PROS in the 1st quarter valued at about $441,000. 98.64% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for PROS (NYSE:PRO)

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