Zacks Investment Research lowered shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

Several other research analysts have also recently weighed in on PRO. Needham & Company LLC raised PROS from a buy rating to a strong-buy rating and set a $35.00 price objective for the company in a research report on Monday, December 11th. ValuEngine cut PROS from a hold rating to a sell rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $28.00 price objective on shares of PROS in a research report on Sunday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $31.60.

Shares of PROS (NYSE:PRO) opened at $26.45 on Wednesday. The firm has a market capitalization of $836.60, a price-to-earnings ratio of -10.41 and a beta of 1.52. PROS has a 52-week low of $20.34 and a 52-week high of $30.49. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.08 and a current ratio of 2.08.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. PROS had a negative return on equity of 2,114.05% and a negative net margin of 48.93%. The business had revenue of $41.94 million during the quarter, compared to analysts’ expectations of $41.07 million. During the same period in the previous year, the firm earned ($0.19) earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. research analysts forecast that PROS will post -1.48 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ETF Managers Group LLC acquired a new stake in PROS during the second quarter worth approximately $110,000. Bank of Montreal Can grew its position in PROS by 1.4% during the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after buying an additional 59 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of PROS by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock valued at $172,000 after purchasing an additional 199 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of PROS in the 3rd quarter valued at $303,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of PROS in the 2nd quarter valued at $359,000. Institutional investors own 93.27% of the company’s stock.

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About PROS

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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