Pros Holdings Inc. (NYSE:PRO) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Pros Holdings Inc. (NYSE:PRO) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.25.
Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Pros Holdings in a report on Monday, August 29th. JPMorgan Chase & Co. restated a “hold” rating and set a $16.00 price target on shares of Pros Holdings in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their price target on Pros Holdings from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd.
Shares of Pros Holdings (NYSE:PRO) traded up 1.17% during midday trading on Monday, reaching $22.54. 98,433 shares of the company’s stock traded hands. The stock’s 50 day moving average is $20.70 and its 200-day moving average is $16.24. The company’s market capitalization is $684.97 million. Pros Holdings has a 52 week low of $9.01 and a 52 week high of $25.42.
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Pros Holdings (NYSE:PRO) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. The business earned $37 million during the quarter, compared to the consensus estimate of $35.70 million. Pros Holdings had a negative return on equity of 100.30% and a negative net margin of 48.73%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, analysts forecast that Pros Holdings will post ($1.16) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new position in Pros Holdings during the first quarter valued at about $141,000. Cortina Asset Management LLC acquired a new position in Pros Holdings during the second quarter valued at about $3,853,000. California State Teachers Retirement System boosted its position in Pros Holdings by 3.4% in the second quarter. California State Teachers Retirement System now owns 52,827 shares of the company’s stock valued at $921,000 after buying an additional 1,725 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in Pros Holdings by 66.8% in the first quarter. Kennedy Capital Management Inc. now owns 456,507 shares of the company’s stock valued at $5,382,000 after buying an additional 182,805 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Pros Holdings by 6.0% in the first quarter. Geode Capital Management LLC now owns 154,486 shares of the company’s stock valued at $1,820,000 after buying an additional 8,717 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.
About Pros Holdings
PROS Holdings, Inc provides enterprise revenue and profit realization software solutions. The Company’s software solutions are designed to help business-to-business (B2B) and business-to-consumer (B2C) companies. The Company also provides professional services to implement its software applications. The Company provides its solutions to enterprises across a range of industries, including manufacturing, distribution, services and travel.
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