PROS Holdings, Inc. (PRO) Stock Rating Reaffirmed by Needham & Company LLC
PROS Holdings, Inc. (NYSE:PRO)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Tuesday. They currently have a $35.00 price target on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 38.45% from the company’s current price.
Several other equities research analysts have also commented on PRO. Stifel Nicolaus reissued a “hold” rating and issued a $28.00 price target on shares of PROS Holdings in a report on Sunday, October 8th. Pacific Crest lifted their target price on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $32.60.
Shares of PROS Holdings (NYSE:PRO) traded up 0.92% during trading on Tuesday, hitting $25.28. 133,162 shares of the company were exchanged. PROS Holdings has a 12 month low of $20.34 and a 12 month high of $30.49. The firm’s market capitalization is $803.60 million. The firm’s 50-day moving average price is $24.63 and its 200 day moving average price is $26.29.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.04. The company had revenue of $40.40 million during the quarter, compared to analyst estimates of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) EPS. On average, equities research analysts expect that PROS Holdings will post ($0.87) earnings per share for the current fiscal year.
In other PROS Holdings news, CEO Andres Reiner sold 28,175 shares of PROS Holdings stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.67, for a total transaction of $807,777.25. Following the sale, the chief executive officer now owns 423,140 shares of the company’s stock, valued at approximately $12,131,423.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,350 shares of company stock worth $2,296,808. 17.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its stake in PROS Holdings by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after purchasing an additional 59 shares during the last quarter. Legal & General Group Plc boosted its position in shares of PROS Holdings by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock valued at $172,000 after acquiring an additional 199 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of PROS Holdings by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 19,890 shares of the software maker’s stock valued at $545,000 after acquiring an additional 211 shares during the last quarter. Stifel Financial Corp boosted its position in shares of PROS Holdings by 3.6% during the 2nd quarter. Stifel Financial Corp now owns 19,418 shares of the software maker’s stock valued at $532,000 after acquiring an additional 673 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of PROS Holdings by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock valued at $571,000 after acquiring an additional 901 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.
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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