PROS (NYSE:PRO) Sees Strong Trading Volume – Here’s Why

PROS Holdings, Inc. (NYSE:PRO) saw an uptick in trading volume on Monday . 1,399,434 shares traded hands during mid-day trading, an increase of 166% from the previous session’s volume of 526,307 shares.The stock last traded at $15.75 and had previously closed at $15.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. KeyCorp dropped their target price on PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus cut their price objective on shares of 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 report on Wednesday, May 7th. Robert W. Baird cut PROS from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $27.00 to $18.00 in a report on Monday. Finally, Northland Securities set a $38.00 price objective on shares of PROS in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

PROS Stock Performance

The company has a market cap of $725.39 million, a PE ratio of -34.45 and a beta of 1.03. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $21.01.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm 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 earned $0.04 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On PROS

Several large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS during the fourth quarter valued at about $30,000. Ancora Advisors LLC purchased a new stake in PROS in the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC increased its stake in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after acquiring an additional 926 shares during the period. Comerica Bank boosted its stake in shares of PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after buying an additional 1,140 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock worth $41,000 after purchasing an additional 2,092 shares during the period. Institutional investors own 94.27% of the company’s stock.

About PROS

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.