Needham & Company LLC Reaffirms “Buy” Rating for Pros Holdings Inc. (PRO)
Needham & Company LLC reiterated their buy rating on shares of Pros Holdings Inc. (NYSE:PRO) in a research note issued to investors on Monday. The firm currently has a $28.00 price target on the stock, up from their prior price target of $25.00.
PRO has been the topic of a number of other reports. JMP Securities reaffirmed a hold rating on shares of Pros Holdings in a research note on Friday, November 11th. Deutsche Bank AG raised their price objective on shares of Pros Holdings from $20.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. raised shares of Pros Holdings from a neutral rating to an overweight rating and set a $30.00 price objective on the stock in a research note on Friday, November 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pros Holdings has a consensus rating of Buy and a consensus price target of $25.00.
Pros Holdings (NYSE:PRO) traded down 0.39% during trading on Monday, hitting $25.45. The stock had a trading volume of 30,431 shares. Pros Holdings has a one year low of $9.01 and a one year high of $25.66. The firm’s market cap is $776.84 million. The stock’s 50-day moving average is $22.74 and its 200 day moving average is $18.53.
Hedge funds have recently made changes to their positions in the company. DF Dent & Co. Inc. raised its stake in shares of Pros Holdings by 89.5% in the third quarter. DF Dent & Co. Inc. now owns 1,587,506 shares of the company’s stock valued at $35,894,000 after buying an additional 749,720 shares in the last quarter. Sagard Capital Partners Management Corp bought a new stake in shares of Pros Holdings during the second quarter valued at approximately $11,686,000. Cortina Asset Management LLC bought a new stake in shares of Pros Holdings during the second quarter valued at approximately $3,853,000. Rockefeller Financial Services Inc. raised its stake in shares of 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. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Pros Holdings during the first quarter valued at approximately $1,214,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.
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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