$39.39 Million in Sales Expected for PROS Holdings, Inc. (PRO) This Quarter
Wall Street brokerages expect PROS Holdings, Inc. (NYSE:PRO) to report sales of $39.39 million for the current quarter, Zacks reports. Five analysts have provided estimates for PROS Holdings’ earnings. The lowest sales estimate is $38.81 million and the highest is $40.50 million. PROS Holdings posted sales of $37.04 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The business is scheduled to issue its next earnings report on Tuesday, August 1st.
On average, analysts expect that PROS Holdings will report full year sales of $39.39 million for the current fiscal year, with estimates ranging from $163.43 million to $165.02 million. For the next financial year, analysts anticipate that the business will report sales of $184.56 million per share, with estimates ranging from $177.80 million to $190.48 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover PROS Holdings.
PROS Holdings (NYSE:PRO) last announced its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.08. PROS Holdings had a negative net margin of 48.21% and a negative return on equity of 2,114.05%. The company had revenue of $40.13 million during the quarter, compared to analysts’ expectations of $38.60 million.
A number of equities research analysts have recently issued reports on PRO shares. Deutsche Bank AG boosted their target price on shares of PROS Holdings to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Stifel Nicolaus boosted their target price on shares of PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. ValuEngine raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pacific Crest boosted their target price on shares of PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, June 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. PROS Holdings has a consensus rating of “Buy” and an average price target of $31.20.
In related news, CEO Andres Reiner sold 52,698 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $24.88, for a total transaction of $1,311,126.24. Following the completion of the sale, the chief executive officer now owns 472,188 shares of the company’s stock, valued at $11,748,037.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Rechan acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average cost of $25.54 per share, with a total value of $102,160.00. The disclosure for this purchase can be found here. Insiders have sold 153,572 shares of company stock valued at $4,022,499 in the last ninety days. 18.90% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of PRO. State Street Corp boosted its stake in PROS Holdings by 7.6% in the fourth quarter. State Street Corp now owns 450,119 shares of the software maker’s stock valued at $9,685,000 after buying an additional 31,719 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of PROS Holdings by 40.7% in the fourth quarter. Renaissance Technologies LLC now owns 266,800 shares of the software maker’s stock valued at $5,742,000 after buying an additional 77,200 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of PROS Holdings by 6.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,544 shares of the software maker’s stock valued at $571,000 after buying an additional 1,670 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of PROS Holdings during the fourth quarter valued at approximately $613,000. Finally, Norges Bank acquired a new position in shares of PROS Holdings during the fourth quarter valued at approximately $9,415,000. 89.48% of the stock is owned by institutional investors and hedge funds.
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Shares of PROS Holdings (PRO) traded up 1.21% during trading on Friday, hitting $28.34. 159,602 shares of the stock were exchanged. PROS Holdings has a 1-year low of $16.25 and a 1-year high of $30.49. The firm’s 50-day moving average is $27.80 and its 200 day moving average is $24.11. The company’s market cap is $890.84 million.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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