Pros Holdings Coverage Initiated at William Blair (PRO)
William Blair assumed coverage on shares of Pros Holdings (NYSE:PRO) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Pros Holdings (NYSE:PRO) traded down 3.63% during mid-day trading on Tuesday, hitting $31.08. The stock had a trading volume of 85,214 shares. Pros Holdings has a one year low of $16.32 and a one year high of $35.50. The stock has a 50-day moving average of $33.30 and a 200-day moving average of $30.10. The company has a market cap of $872.5 million and a P/E ratio of 189.71.
Pros Holdings (NYSE:PRO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $35.50 million for the quarter, compared to the consensus estimate of $35.10 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of Pros Holdings from $31.00 to $35.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Pros Holdings from $32.00 to $37.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Pros Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 24th. They now have a $35.40 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.80.
PROS Holdings, Inc is a big data software company. The Company offers big data solutions to optimize sales, pricing, quoting, rebates and revenue management across more than 30 industries.
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