PROS Holdings, Inc. (NYSE:PRO) – Research analysts at DA Davidson cut their Q2 2018 EPS estimates for PROS in a research note issued on Wednesday. DA Davidson analyst R. Jaluria now anticipates that the software maker will post earnings of ($0.34) per share for the quarter, down from their previous forecast of ($0.32). DA Davidson has a “Neutral” rating and a $28.00 price objective on the stock. DA Davidson also issued estimates for PROS’s Q3 2018 earnings at ($0.31) EPS, FY2018 earnings at ($1.27) EPS, Q1 2019 earnings at ($0.31) EPS, Q2 2019 earnings at ($0.29) EPS, Q3 2019 earnings at ($0.25) EPS, Q4 2019 earnings at ($0.19) EPS and FY2019 earnings at ($1.05) EPS.
A number of other research firms have also weighed in on PRO. Needham & Company LLC upgraded shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Monday, December 11th. ValuEngine lowered shares of PROS from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered shares of PROS from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $31.00.
PROS (NYSE:PRO) last released its earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $44.68 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in shares of 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 buying an additional 199 shares during the period. Teacher Retirement System of Texas acquired a new position in PROS in the fourth quarter valued at approximately $250,000. GSA Capital Partners LLP acquired a new position in PROS in the third quarter valued at approximately $303,000. UBS Asset Management Americas Inc. acquired a new position in PROS in the second quarter valued at approximately $359,000. Finally, Comerica Bank acquired a new position in PROS in the third quarter valued at approximately $360,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.
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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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