Investors Purchase Large Volume of PROS Call Options (PRO)

PROS Holdings, Inc. (NYSE:PRO) was the target of some unusual options trading on Friday. Investors purchased 574 call options on the stock. This is an increase of approximately 890% compared to the average volume of 58 call options.

Several analysts have issued reports on PRO shares. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 target price on shares of PROS in a research report on Tuesday, October 24th. Zacks Investment Research raised PROS from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, November 2nd. DA Davidson began coverage on PROS in a research report on Friday, February 2nd. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, ValuEngine cut PROS from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. PROS currently has a consensus rating of “Buy” and an average target price of $31.00.

Shares of PROS (NYSE:PRO) opened at $31.83 on Monday. The company has a debt-to-equity ratio of -5.94, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $1,020.00, a price-to-earnings ratio of -12.94 and a beta of 1.42. PROS has a 52-week low of $21.36 and a 52-week high of $33.20.

PROS (NYSE:PRO) last posted its quarterly earnings data 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 business had revenue of $46.34 million during the quarter, compared to analyst estimates of $44.68 million. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. research analysts expect that PROS will post -1.27 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of PRO. Legal & General Group Plc boosted its position in shares of PROS by 3.3% in the 2nd 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 in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of PROS in the 4th quarter worth $250,000. GSA Capital Partners LLP acquired a new stake in shares of PROS in the 3rd quarter worth $303,000. UBS Asset Management Americas Inc. acquired a new stake in PROS during the 2nd quarter worth about $359,000. Finally, Comerica Bank acquired a new stake in PROS during the 3rd quarter worth about $360,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

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About PROS

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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