PROS Holdings, Inc. (PRO) Receives Consensus Rating of “Buy” from Analysts
Shares of PROS Holdings, Inc. (NYSE:PRO) have earned an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.20.
A number of brokerages have recently issued reports on PRO. ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Pacific Crest lifted their target price on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, June 29th.
In related news, Director Ronald F. Woestemeyer sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andres Reiner sold 28,175 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $27.48, for a total value of $774,249.00. Following the completion of the sale, the chief executive officer now directly owns 417,715 shares of the company’s stock, valued at $11,478,808.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,525 shares of company stock worth $3,071,057. Corporate insiders own 18.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PRO. ETF Managers Group LLC bought a new stake in PROS Holdings in the second quarter valued at about $110,000. Bank of Montreal Can increased its holdings in PROS Holdings by 1.4% in the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after buying an additional 59 shares during the last quarter. Legal & General Group Plc increased its holdings in PROS Holdings by 3.3% in the second quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock valued at $172,000 after buying an additional 199 shares during the last quarter. Menta Capital LLC bought a new stake in PROS Holdings in the first quarter valued at about $267,000. Finally, UBS Asset Management Americas Inc. bought a new stake in PROS Holdings in the second quarter valued at about $359,000. 91.59% of the stock is owned by hedge funds and other institutional investors.
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PROS Holdings (NYSE:PRO) traded down 3.64% on Friday, hitting $24.34. The stock had a trading volume of 454,698 shares. PROS Holdings has a 12-month low of $20.16 and a 12-month high of $30.49. The company’s 50 day moving average is $26.27 and its 200 day moving average is $25.97. The firm’s market cap is $773.72 million.
PROS Holdings (NYSE:PRO) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The business had revenue of $40.40 million for the quarter, compared to analyst estimates of $39.48 million. During the same period in the previous year, the company earned ($0.26) earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that PROS Holdings will post ($0.87) EPS for the current fiscal year.
PROS Holdings Company Profile
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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