Shares of PROS Holdings, Inc. (NYSE:PRO) have been assigned an average rating of “Buy” from the six research firms that are covering the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.33.
Several research analysts have issued reports on PRO shares. 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 note on Thursday, February 23rd. Zacks Investment Research upgraded PROS Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Finally, William Blair reiterated an “outperform” rating on shares of PROS Holdings in a research note on Monday, February 13th.
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Shares of PROS Holdings (NYSE:PRO) opened at 22.47 on Wednesday. The company’s market capitalization is $693.81 million. PROS Holdings has a 12 month low of $10.61 and a 12 month high of $25.66. The firm has a 50-day moving average of $23.02 and a 200 day moving average of $22.47.
PROS Holdings (NYSE:PRO) last released its quarterly earnings data on Tuesday, February 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the 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 firm earned $39.90 million during the quarter, compared to analyst estimates of $38.18 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts expect that PROS Holdings will post ($0.87) earnings per share for the current fiscal year.
In other news, CEO Andres Reiner sold 50,000 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Rockefeller Financial Services Inc. boosted its position in PROS Holdings by 17.0% in the third quarter. Rockefeller Financial Services Inc. now owns 813,548 shares of the company’s stock valued at $18,394,000 after buying an additional 118,391 shares in the last quarter. Wells Fargo & Company MN boosted its position in PROS Holdings by 1.7% in the third quarter. Wells Fargo & Company MN now owns 11,393 shares of the company’s stock valued at $258,000 after buying an additional 191 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in PROS Holdings by 42.1% in the third quarter. PNC Financial Services Group Inc. now owns 51,426 shares of the company’s stock valued at $1,162,000 after buying an additional 15,246 shares in the last quarter. Morgan Stanley boosted its position in PROS Holdings by 1.8% in the third quarter. Morgan Stanley now owns 1,656,480 shares of the company’s stock valued at $37,452,000 after buying an additional 29,630 shares in the last quarter. Finally, Cadian Capital Management LP boosted its position 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 valued at $48,415,000 after buying an additional 80,000 shares in 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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