Wall Street analysts expect PROS Holdings, Inc. (NYSE:PRO) to report sales of $63.39 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for PROS’s earnings, with estimates ranging from $62.54 million to $64.30 million. PROS posted sales of $49.08 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, October 24th.
According to Zacks, analysts expect that PROS will report full-year sales of $247.88 million for the current year, with estimates ranging from $247.41 million to $248.60 million. For the next year, analysts forecast that the firm will report sales of $291.24 million, with estimates ranging from $286.49 million to $297.47 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow PROS.
PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. The company had revenue of $63.88 million during the quarter, compared to analysts’ expectations of $61.41 million. PROS had a negative return on equity of 57.99% and a negative net margin of 28.41%. PROS’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS.
A number of equities analysts have commented on the company. Stifel Nicolaus increased their target price on PROS from $60.00 to $83.00 and gave the company a “buy” rating in a report on Friday, July 26th. KeyCorp increased their target price on PROS from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 27th. Zacks Investment Research cut PROS from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on PROS from $55.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Needham & Company LLC set a $80.00 target price on PROS and gave the company a “buy” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $71.27.
NYSE PRO traded down $2.01 during trading hours on Thursday, reaching $54.43. The company’s stock had a trading volume of 320,764 shares, compared to its average volume of 392,127. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -49.94 and a beta of 1.13. PROS has a 1-year low of $28.18 and a 1-year high of $75.39. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.21 and a quick ratio of 2.21. The company’s 50-day moving average is $61.04 and its two-hundred day moving average is $60.28.
In other news, CEO Andres Reiner sold 24,537 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $59.69, for a total value of $1,464,613.53. Following the completion of the sale, the chief executive officer now directly owns 697,072 shares in the company, valued at $41,608,227.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stefan B. Schulz sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $58.61, for a total value of $117,220.00. The disclosure for this sale can be found here. Insiders have sold 835,925 shares of company stock valued at $59,942,502 in the last three months. Insiders own 13.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of PRO. Brown Capital Management LLC grew its position in shares of PROS by 15.9% in the second quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock valued at $409,865,000 after purchasing an additional 888,018 shares in the last quarter. Vanguard Group Inc. grew its position in shares of PROS by 45.5% in the second quarter. Vanguard Group Inc. now owns 2,498,223 shares of the software maker’s stock valued at $158,038,000 after purchasing an additional 781,598 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of PROS by 226.1% in the second quarter. Renaissance Technologies LLC now owns 997,000 shares of the software maker’s stock valued at $63,070,000 after purchasing an additional 691,300 shares in the last quarter. Brown Advisory Inc. grew its position in shares of PROS by 151.5% in the second quarter. Brown Advisory Inc. now owns 623,499 shares of the software maker’s stock valued at $39,442,000 after purchasing an additional 375,577 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in shares of PROS in the second quarter valued at approximately $15,696,000. Institutional investors and hedge funds own 97.59% of the company’s stock.
PROS Company Profile
PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.
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