PROS (NYSE:PRO) Stock Rating Lowered by Needham & Company LLC

Needham & Company LLC cut shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm currently has $25.00 target price on the software maker’s stock.

A number of other equities research analysts also recently issued reports on PRO. Northland Securities set a $38.00 price objective on PROS in a research report on Wednesday, May 28th. Baird R W downgraded PROS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 16th. Robert W. Baird downgraded PROS from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $27.00 to $18.00 in a research report on Monday, June 16th. Wall Street Zen upgraded PROS from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Finally, Stifel Nicolaus lowered their price objective on PROS from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.86.

PROS Price Performance

NYSE:PRO opened at $22.95 on Tuesday. The company has a market cap of $1.10 billion, a P/E ratio of -104.30 and a beta of 1.02. The stock’s fifty day moving average price is $15.92 and its two-hundred day moving average price is $16.88. PROS has a 1 year low of $13.61 and a 1 year high of $29.84.

PROS (NYSE:PRO) last posted its earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $88.72 million for the quarter, compared to analysts’ expectations of $87.70 million. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts expect that PROS will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PRO. ProShare Advisors LLC bought a new position in shares of PROS during the fourth quarter valued at about $283,000. State of Wyoming grew its stake in shares of PROS by 226.5% during the fourth quarter. State of Wyoming now owns 6,850 shares of the software maker’s stock valued at $150,000 after buying an additional 4,752 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PROS by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,987 shares of the software maker’s stock valued at $2,525,000 after buying an additional 14,216 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of PROS by 2,716.9% during the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock valued at $41,000 after buying an additional 2,092 shares during the last quarter. Finally, Summit Global Investments bought a new position in shares of PROS during the first quarter valued at about $520,000. 94.27% of the stock is owned by institutional investors.

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.