PROS (NYSE:PRO) Shares Down 3.8% – Here’s What Happened

PROS Holdings, Inc. (NYSE:PRO) shares traded down 3.8% during trading on Thursday . The stock traded as low as $18.25 and last traded at $18.39. 69,865 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 498,890 shares. The stock had previously closed at $19.11.

Analyst Ratings Changes

Several analysts have commented on the company. Robert W. Baird dropped their price objective on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of PROS in a research report on Thursday. Stifel Nicolaus decreased their target price on PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Wall Street Zen downgraded PROS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, KeyCorp decreased their target price on PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

PROS Stock Down 13.1%

The stock has a market cap of $752.71 million, a PE ratio of -35.75 and a beta of 1.03. The stock has a 50-day moving average of $17.38 and a 200 day moving average of $21.04.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. During the same quarter in the previous year, the business posted $0.04 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On PROS

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS in the fourth quarter valued at $30,000. Ancora Advisors LLC purchased a new stake in PROS in the fourth quarter valued at $33,000. Quadrant Capital Group LLC raised its position in PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after purchasing an additional 926 shares during the period. Comerica Bank raised its position in PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,140 shares during the period. Finally, GAMMA Investing LLC raised its position in PROS by 2,716.9% in the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock valued at $41,000 after purchasing an additional 2,092 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.