PROS (NYSE:PRO) Hits New 1-Year Low – Here’s Why

Shares of PROS Holdings, Inc. (NYSE:PRO) hit a new 52-week low on Monday . The company traded as low as $13.61 and last traded at $13.97, with a volume of 32180 shares changing hands. The stock had previously closed at $13.98.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PRO shares. Stifel Nicolaus decreased their price target on PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. KeyCorp lowered their target price on PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Robert W. Baird downgraded shares of PROS from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $18.00 in a research note on Monday, June 16th. Finally, Baird R W cut shares of PROS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, PROS currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

PROS Trading Up 3.7%

The stock has a market cap of $698.61 million, a price-to-earnings ratio of -52.14 and a beta of 1.03. The stock’s 50-day moving average price is $17.10 and its 200-day moving average price is $20.56.

PROS (NYSE:PRO) last announced 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 company had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. During the same period last year, the business earned $0.04 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Institutional Trading of PROS

Several hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the 4th quarter worth about $30,000. Ancora Advisors LLC bought a new position in shares of PROS during the fourth quarter valued at about $33,000. Quadrant Capital Group LLC grew its position in PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after purchasing an additional 926 shares in the last quarter. Comerica Bank lifted its position in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after buying an additional 1,140 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of PROS by 2,716.9% in the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock worth $41,000 after buying an additional 2,092 shares during the last quarter. Institutional investors and hedge funds 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.