PROS Holdings, Inc. (PRO) Given Average Recommendation of “Buy” by Brokerages
PROS Holdings, Inc. (NYSE:PRO) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $31.60.
Several research firms have recently weighed in on PRO. Stifel Nicolaus reiterated a “hold” rating and set a $28.00 target price on shares of PROS Holdings in a research report on Sunday. Pacific Crest lifted their target price on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, June 29th.
Shares of PROS Holdings (PRO) traded up 0.56% on Wednesday, reaching $25.00. 184,100 shares of the company’s stock were exchanged. The company’s 50 day moving average is $24.82 and its 200-day moving average is $26.18. The stock’s market cap is $794.73 million. PROS Holdings has a one year low of $20.34 and a one year high of $30.49.
PROS Holdings (NYSE:PRO) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The business had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.48 million. During the same period last year, the company earned ($0.26) earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts anticipate that PROS Holdings will post ($0.87) EPS for the current year.
In other PROS Holdings news, Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andres Reiner sold 28,175 shares of PROS Holdings stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $28.67, for a total value of $807,777.25. Following the completion of the transaction, the chief executive officer now owns 423,140 shares in the company, valued at approximately $12,131,423.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,350 shares of company stock worth $2,296,808. Insiders own 17.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Castleark Management LLC grew its stake in PROS Holdings by 20.6% in the second quarter. Castleark Management LLC now owns 314,937 shares of the software maker’s stock valued at $8,626,000 after purchasing an additional 53,872 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in PROS Holdings by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock valued at $571,000 after purchasing an additional 901 shares during the last quarter. Daruma Capital Management LLC grew its stake in PROS Holdings by 2,559.7% in the second quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after purchasing an additional 1,362,746 shares during the last quarter. State Street Corp grew its stake in PROS Holdings by 7.2% in the second quarter. State Street Corp now owns 501,860 shares of the software maker’s stock valued at $13,750,000 after purchasing an additional 33,554 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in PROS Holdings in the second quarter valued at about $110,000. Institutional investors own 91.59% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/11/pros-holdings-inc-pro-given-average-recommendation-of-buy-by-brokerages.html.
PROS Holdings Company Profile
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.
Receive News & Ratings for PROS Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.