PROS (NYSE:PRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

PRO has been the subject of a number of other reports. KeyCorp lowered their price objective on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Northland Securities set a $38.00 target price on PROS in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their price objective on shares of PROS from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, July 8th. Baird R W downgraded PROS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 16th. Finally, Robert W. Baird lowered shares of 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, June 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.50.

PROS Stock Down 2.4%

PRO opened at $15.11 on Friday. The business has a fifty day moving average of $16.87 and a 200 day moving average of $19.79. The stock has a market cap of $723.01 million, a P/E ratio of -53.96 and a beta of 0.98. PROS has a 52-week low of $13.61 and a 52-week high of $29.84.

PROS (NYSE:PRO) last issued its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. Equities analysts anticipate that PROS will post -0.2 EPS for the current fiscal year.

Institutional Trading of PROS

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position 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 valued at $34,000 after buying an additional 926 shares during the last quarter. Franklin Resources Inc. boosted its stake in PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock worth $743,000 after buying an additional 1,080 shares during the period. Comerica Bank increased its holdings in PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,140 shares during the last quarter. Swiss National Bank raised its holdings in shares of PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock valued at $1,733,000 after buying an additional 1,300 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS during the fourth quarter worth about $30,000. Hedge funds and other 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.