PROS (NYSE:PRO) Cut to “Hold” at Baird R W

PROS (NYSE:PROGet Free Report) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on PRO. Stifel Nicolaus cut their price target on PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Wall Street Zen downgraded PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Northland Securities set a $38.00 price target on PROS in a research note on Wednesday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of PROS in a research note on Thursday, June 12th. Finally, Robert W. Baird downgraded shares of PROS from an “outperform” rating to a “neutral” rating and cut their target price for the company from $27.00 to $18.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Check Out Our Latest Report on PROS

PROS Price Performance

NYSE:PRO opened at $14.54 on Monday. The firm’s fifty day moving average price is $17.33 and its 200 day moving average price is $20.91. PROS has a 1-year low of $14.45 and a 1-year high of $29.84. The firm has a market cap of $695.74 million, a price-to-earnings ratio of -51.93 and a beta of 1.03.

PROS (NYSE:PROGet Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. PROS’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, analysts expect that PROS will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PROS

A number of institutional investors and hedge funds have recently bought and sold shares of PRO. US Bancorp DE raised its position in shares of PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after purchasing an additional 1,841 shares in the last quarter. Vanguard Group Inc. raised its position in shares of PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after acquiring an additional 172,997 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of PROS by 18.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock valued at $5,780,000 after acquiring an additional 41,111 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of PROS by 5.4% during the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker’s stock valued at $614,000 after acquiring an additional 1,438 shares in the last quarter. Finally, Comerica Bank raised its position in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after acquiring an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About PROS

(Get Free Report)

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.

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Analyst Recommendations for PROS (NYSE:PRO)

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