PROS (NYSE:PRO) Given New $30.00 Price Target at Craig Hallum

PROS (NYSE:PROGet Rating) had its price objective reduced by Craig Hallum from $35.00 to $30.00 in a research report report published on Friday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. StockNews.com started coverage on shares of PROS in a research note on Thursday, March 31st. They set a hold rating on the stock. Needham & Company LLC dropped their target price on shares of PROS from $51.00 to $35.00 and set a buy rating for the company in a research report on Friday. Finally, Robert W. Baird dropped their target price on shares of PROS from $40.00 to $30.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $35.00.

PROS Stock Performance

PROS stock opened at $24.90 on Friday. PROS has a 12-month low of $22.21 and a 12-month high of $44.88. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -12.09 and a beta of 1.38. The company has a debt-to-equity ratio of 80.44, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s fifty day moving average price is $26.71 and its 200 day moving average price is $28.70.

PROS (NYSE:PROGet Rating) last released its quarterly earnings results on Thursday, July 28th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.02. PROS had a negative net margin of 35.12% and a negative return on equity of 781.16%. The firm had revenue of $68.40 million for the quarter, compared to the consensus estimate of $66.86 million. During the same quarter in the previous year, the firm posted ($0.34) EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, research analysts forecast that PROS will post -1.71 EPS for the current fiscal year.

Insider Activity at PROS

In related news, Director Timothy V. Williams sold 2,194 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $24.91, for a total transaction of $54,652.54. Following the completion of the sale, the director now owns 115,986 shares of the company’s stock, valued at approximately $2,889,211.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On PROS

A number of institutional investors have recently modified their holdings of PRO. Pinebridge Investments L.P. bought a new stake in shares of PROS during the 4th quarter valued at about $31,000. Sageworth Trust Co of South Dakota acquired a new position in PROS during the 4th quarter valued at about $38,000. Fifth Third Bancorp boosted its stake in PROS by 32.2% during the 4th quarter. Fifth Third Bancorp now owns 2,573 shares of the software maker’s stock valued at $89,000 after purchasing an additional 626 shares during the period. PNC Financial Services Group Inc. boosted its stake in PROS by 20.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,397 shares of the software maker’s stock valued at $112,000 after purchasing an additional 576 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in PROS during the 4th quarter valued at about $126,000. Institutional investors own 98.62% of the company’s stock.

About PROS

(Get Rating)

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. 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 that enables businesses to optimize, personalize and harmonize pricing across the complexity of their go-to-market channels in the context of dynamic market and competitive conditions.

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