DA Davidson Initiates Coverage on PROS (PRO)

DA Davidson began coverage on shares of PROS (NYSE:PRO) in a research report report published on Friday morning. The brokerage issued a neutral rating and a $28.00 target price on the software maker’s stock.

Several other research firms also recently weighed in on PRO. Zacks Investment Research downgraded PROS from a buy rating to a hold rating in a research report on Wednesday, December 27th. Needham & Company LLC reissued a buy rating and set a $35.00 target price on shares of PROS in a research report on Tuesday, October 24th. Stifel Nicolaus reissued a hold rating and set a $28.00 target price on shares of PROS in a research report on Sunday, October 8th. Finally, ValuEngine downgraded PROS from a hold rating to a sell rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $31.00.

PROS (PRO) opened at $27.33 on Friday. The firm has a market capitalization of $872.02, a P/E ratio of -10.76 and a beta of 1.42. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94. PROS has a 12-month low of $21.10 and a 12-month high of $30.49.

A number of institutional investors have recently made changes to their positions in PRO. Schwab Charles Investment Management Inc. grew its position in PROS by 16.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 120,563 shares of the software maker’s stock valued at $3,303,000 after acquiring an additional 17,038 shares during the last quarter. Legal & General Group Plc grew its position in 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 acquiring an additional 199 shares during the last quarter. Swiss National Bank grew its position in PROS by 6.7% in the 2nd quarter. Swiss National Bank now owns 44,800 shares of the software maker’s stock valued at $1,227,000 after acquiring an additional 2,800 shares during the last quarter. Wells Fargo & Company MN grew its position in PROS by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 19,890 shares of the software maker’s stock valued at $545,000 after acquiring an additional 211 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in PROS by 11.2% in the 2nd quarter. Teachers Advisors LLC now owns 47,061 shares of the software maker’s stock valued at $1,289,000 after acquiring an additional 4,758 shares during the last quarter. 93.82% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for PROS (NYSE:PRO)

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