PROS Holdings, Inc. (PRO) Earns Hold Rating from Stifel Nicolaus
PROS Holdings, Inc. (NYSE:PRO)‘s stock had its “hold” rating restated by research analysts at Stifel Nicolaus in a report issued on Sunday. They presently have a $28.00 target price on the software maker’s stock. Stifel Nicolaus’ price target suggests a potential upside of 14.01% from the company’s current price.
Separately, Pacific Crest increased their target price on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. PROS Holdings has an average rating of “Buy” and an average price target of $31.60.
Shares of PROS Holdings (NYSE:PRO) traded up 0.49% on Friday, hitting $24.56. 96,172 shares of the company were exchanged. PROS Holdings has a 52-week low of $20.34 and a 52-week high of $30.49. The company has a 50-day moving average price of $24.90 and a 200 day moving average price of $26.10. The firm’s market cap is $780.74 million.
PROS Holdings (NYSE:PRO) last posted 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. The firm had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) EPS. Analysts predict that PROS Holdings will post ($0.87) EPS for the current fiscal year.
In other PROS Holdings news, Director Ronald F. Woestemeyer sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $25.51, for a total value of $1,275,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andres Reiner sold 8,175 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $26.12, for a total transaction of $213,531.00. Following the completion of the sale, the chief executive officer now directly owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The disclosure for this sale can be found here. Insiders sold 86,350 shares of company stock valued at $2,296,808 in the last ninety days. 18.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Castleark Management LLC grew its position in PROS Holdings by 20.6% in the second quarter. Castleark Management LLC now owns 314,937 shares of the software maker’s stock valued at $8,626,000 after acquiring an additional 53,872 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in PROS Holdings by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock valued at $571,000 after acquiring an additional 901 shares in the last quarter. Daruma Capital Management LLC grew its position in PROS Holdings by 2,559.7% in the second quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after acquiring an additional 1,362,746 shares in the last quarter. State Street Corp grew its position in PROS Holdings by 7.2% in the second quarter. State Street Corp now owns 501,860 shares of the software maker’s stock valued at $13,750,000 after acquiring an additional 33,554 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in PROS Holdings in the second quarter valued at approximately $110,000. 91.59% of the stock is owned by institutional investors.
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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