PROS (NYSE:PRO) was upgraded by equities researchers at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a report issued on Monday. The brokerage presently has a $35.00 target price on the software maker’s stock. Needham & Company LLC’s price target points to a potential upside of 47.62% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, November 2nd. ValuEngine lowered shares of PROS from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $28.00 price target on shares of PROS in a research report on Sunday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.60.

Shares of PROS (PRO) opened at $23.71 on Monday. PROS has a one year low of $20.34 and a one year high of $30.49. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94.

PROS (NYSE:PRO) last posted its earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. PROS had a negative net margin of 48.93% and a negative return on equity of 2,114.05%. The firm had revenue of $41.94 million during the quarter, compared to analyst estimates of $41.07 million. During the same quarter in the prior year, the business posted ($0.19) EPS. The business’s revenue was up 9.3% compared to the same quarter last year. analysts expect that PROS will post -1.48 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in PROS by 1.4% during the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after buying an additional 59 shares during the period. Legal & General Group Plc boosted its position in PROS by 3.3% during the second quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after purchasing an additional 199 shares during the period. Wells Fargo & Company MN boosted its position in PROS by 1.1% during the second quarter. Wells Fargo & Company MN now owns 19,890 shares of the software maker’s stock worth $545,000 after purchasing an additional 211 shares during the period. Stifel Financial Corp boosted its position in PROS by 3.6% during the second quarter. Stifel Financial Corp now owns 19,418 shares of the software maker’s stock worth $532,000 after purchasing an additional 673 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in PROS by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock worth $571,000 after purchasing an additional 901 shares during the period. Institutional investors own 93.27% of the company’s stock.

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PROS 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.

Analyst Recommendations for PROS (NYSE:PRO)

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