Pros Holdings Inc. (NYSE:PRO) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Pros Holdings Inc. (NYSE:PRO) have been assigned an average rating of “Buy” from the eight brokerages that are presently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.25.
A number of equities analysts have issued reports on PRO shares. Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Pros Holdings in a research report on Monday, August 29th. JPMorgan Chase & Co. reissued a “hold” rating and set a $16.00 price target on shares of Pros Holdings in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG raised their price target on shares of Pros Holdings from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd.
Shares of Pros Holdings (NYSE:PRO) traded up 1.17% during trading on Monday, hitting $22.54. 98,433 shares of the company were exchanged. The firm’s market capitalization is $684.97 million. Pros Holdings has a 12 month low of $9.01 and a 12 month high of $25.42. The firm’s 50-day moving average price is $20.70 and its 200 day moving average price is $16.24.
Pros Holdings (NYSE:PRO) last released its earnings results on Tuesday, August 2nd. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. The company earned $37 million during the quarter, compared to analysts’ expectations of $35.70 million. Pros Holdings had a negative net margin of 48.73% and a negative return on equity of 100.30%. Pros Holdings’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. On average, equities research analysts expect that Pros Holdings will post ($1.16) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Sagard Capital Partners Management Corp purchased a new position in Pros Holdings during the second quarter valued at $11,686,000. Cortina Asset Management LLC purchased a new position in Pros Holdings during the second quarter valued at $3,853,000. Kennedy Capital Management Inc. raised its position in Pros Holdings by 66.8% in the first quarter. Kennedy Capital Management Inc. now owns 456,507 shares of the company’s stock valued at $5,382,000 after buying an additional 182,805 shares during the period. Spark Investment Management LLC purchased a new position in Pros Holdings during the first quarter valued at $1,676,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Pros Holdings during the first quarter valued at $1,214,000. 91.60% of the stock is owned by hedge funds and other institutional investors.
About Pros Holdings
PROS Holdings, Inc provides enterprise revenue and profit realization software solutions. The Company’s software solutions are designed to help business-to-business (B2B) and business-to-consumer (B2C) companies. The Company also provides professional services to implement its software applications. The Company provides its solutions to enterprises across a range of industries, including manufacturing, distribution, services and travel.
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