PROS (NYSE:PRO) Releases Q4 Earnings Guidance

PROS (NYSE:PRO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of (0.19)-($0.18) for the period, compared to the Thomson Reuters consensus estimate of ($0.23). The company issued revenue guidance of $64.0-$64.5 million, compared to the consensus revenue estimate of $63.51 million.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of PROS from an underweight rating to a neutral rating and set a $37.00 target price for the company in a research note on Tuesday, December 14th. Zacks Investment Research raised shares of PROS from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Thursday, January 6th.

PRO stock traded down $1.00 during midday trading on Thursday, reaching $30.42. 209,365 shares of the company were exchanged, compared to its average volume of 207,863. The company has a debt-to-equity ratio of 16.05, a current ratio of 2.48 and a quick ratio of 2.48. The business has a 50-day moving average price of $34.67 and a two-hundred day moving average price of $38.74. PROS has a one year low of $23.08 and a one year high of $50.90. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -17.69 and a beta of 1.55.

PROS (NYSE:PRO) last released its quarterly earnings data on Tuesday, November 2nd. The software maker reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.09. PROS had a negative net margin of 30.64% and a negative return on equity of 123.71%. The firm had revenue of $62.67 million during the quarter, compared to analysts’ expectations of $62.33 million. During the same period in the previous year, the business posted ($0.30) earnings per share. As a group, analysts anticipate that PROS will post -1.46 earnings per share for the current fiscal year.

In related news, CEO Andres Reiner sold 9,332 shares of the business’s stock in a transaction dated Tuesday, January 11th. The stock was sold at an average price of $32.70, for a total value of $305,156.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Leslie J. Rechan sold 3,974 shares of the business’s stock in a transaction dated Wednesday, January 12th. The shares were sold at an average price of $32.71, for a total value of $129,989.54. The disclosure for this sale can be found here. Insiders have sold 18,983 shares of company stock valued at $616,356 in the last three months. Insiders own 10.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PRO. Morgan Stanley raised its stake in PROS by 13.5% in the second quarter. Morgan Stanley now owns 718,531 shares of the software maker’s stock valued at $32,744,000 after purchasing an additional 85,590 shares in the last quarter. Bank of New York Mellon Corp raised its stake in PROS by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 154,476 shares of the software maker’s stock valued at $5,481,000 after purchasing an additional 11,108 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in PROS by 100.6% in the third quarter. BNP Paribas Arbitrage SA now owns 11,571 shares of the software maker’s stock valued at $411,000 after purchasing an additional 5,804 shares in the last quarter. LPL Financial LLC raised its stake in PROS by 24.1% in the third quarter. LPL Financial LLC now owns 23,556 shares of the software maker’s stock valued at $836,000 after purchasing an additional 4,575 shares in the last quarter. Finally, Invesco Ltd. raised its stake in PROS by 11.3% in the third quarter. Invesco Ltd. now owns 38,671 shares of the software maker’s stock valued at $1,373,000 after purchasing an additional 3,932 shares in the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

About PROS

PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.

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