Needham & Company LLC Boosts PROS (NYSE:PRO) Price Target to $45.00

PROS (NYSE:PRO) had its price target hoisted by analysts at Needham & Company LLC from $40.00 to $45.00 in a report issued on Friday, AnalystRatings.com reports. The brokerage currently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 37.91% from the company’s current price.

A number of other research firms also recently weighed in on PRO. ValuEngine raised shares of PROS from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research cut shares of PROS from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Craig Hallum cut shares of PROS from a “buy” rating to a “hold” rating and cut their price target for the company from $42.00 to $35.00 in a research note on Wednesday, May 6th. Robert W. Baird increased their price target on shares of PROS from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, Royal Bank of Canada increased their price target on shares of PROS from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. PROS presently has a consensus rating of “Buy” and a consensus target price of $49.30.

PROS stock traded down $6.06 during mid-day trading on Friday, reaching $32.63. The company’s stock had a trading volume of 2,232,820 shares, compared to its average volume of 243,129. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -18.54 and a beta of 1.51. PROS has a 12 month low of $19.73 and a 12 month high of $75.39. The business’s 50 day simple moving average is $42.23 and its 200 day simple moving average is $41.62. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.80 and a current ratio of 1.80.

PROS (NYSE:PRO) last released its earnings results on Thursday, July 30th. The software maker reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.08. The business had revenue of $63.75 million during the quarter, compared to the consensus estimate of $60.45 million. PROS had a negative net margin of 28.65% and a negative return on equity of 31.78%. As a group, sell-side analysts expect that PROS will post -1.16 EPS for the current year.

In other news, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief financial officer now owns 240,636 shares in the company, valued at approximately $9,625,440. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stefan B. Schulz sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $44.63, for a total transaction of $89,260.00. In the last 90 days, insiders have sold 8,664 shares of company stock valued at $350,906. 10.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PRO. Advisor Group Inc. raised its stake in PROS by 25.2% in the 4th quarter. Advisor Group Inc. now owns 1,020 shares of the software maker’s stock worth $61,000 after purchasing an additional 205 shares in the last quarter. Russell Investments Group Ltd. raised its stake in PROS by 106.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,490 shares of the software maker’s stock worth $77,000 after purchasing an additional 1,281 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in PROS by 23.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,227 shares of the software maker’s stock worth $100,000 after purchasing an additional 610 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in PROS in the 1st quarter worth about $157,000. Finally, Public Employees Retirement Association of Colorado raised its stake in PROS by 6.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 5,910 shares of the software maker’s stock worth $183,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 94.68% 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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