According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “
A number of other brokerages also recently issued reports on PRO. Needham & Company LLC increased their price objective on PROS Holdings from $28.00 to $30.00 and gave the stock a buy rating in a research report on Thursday, February 23rd. William Blair reiterated an outperform rating on shares of PROS Holdings in a research report on Monday, February 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $28.33.
Shares of PROS Holdings (NYSE:PRO) opened at 23.58 on Wednesday. The firm has a 50 day moving average price of $22.94 and a 200-day moving average price of $22.38. PROS Holdings has a 52-week low of $10.61 and a 52-week high of $25.66. The company’s market cap is $728.08 million.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings data on Tuesday, February 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.05. PROS Holdings had a negative return on equity of 208.19% and a negative net margin of 49.08%. The company had revenue of $39.90 million for the quarter, compared to the consensus estimate of $38.18 million. During the same quarter last year, the business posted ($0.09) earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that PROS Holdings will post ($0.87) earnings per share for the current year.
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In other PROS Holdings news, CEO Andres Reiner sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $22.40, for a total transaction of $1,120,000.00. Following the sale, the chief executive officer now owns 487,638 shares in the company, valued at $10,923,091.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PRO. Conestoga Capital Advisors LLC increased its stake in PROS Holdings by 2.3% in the third quarter. Conestoga Capital Advisors LLC now owns 1,367,151 shares of the company’s stock worth $30,911,000 after buying an additional 30,290 shares during the last quarter. Cadian Capital Management LP increased its stake in PROS Holdings by 3.9% in the third quarter. Cadian Capital Management LP now owns 2,141,328 shares of the company’s stock worth $48,415,000 after buying an additional 80,000 shares during the last quarter. Morgan Stanley increased its stake in PROS Holdings by 1.8% in the third quarter. Morgan Stanley now owns 1,656,480 shares of the company’s stock worth $37,452,000 after buying an additional 29,630 shares during the last quarter. Rockefeller Financial Services Inc. increased its stake in PROS Holdings by 17.0% in the third quarter. Rockefeller Financial Services Inc. now owns 813,548 shares of the company’s stock worth $18,394,000 after buying an additional 118,391 shares during the last quarter. Finally, Whetstone Capital Advisors LLC increased its stake in PROS Holdings by 58.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 448,582 shares of the company’s stock worth $9,653,000 after buying an additional 164,825 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.
About PROS Holdings
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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