Analysts Set PROS Holdings, Inc. (PRO) Price Target at $42.75

Shares of PROS Holdings, Inc. (NYSE:PRO) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $42.75.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered PROS from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. Needham & Company LLC restated a “strong-buy” rating and set a $50.00 price target on shares of PROS in a research report on Friday, February 22nd.

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PRO traded up $0.45 on Friday, hitting $43.05. 163,737 shares of the company were exchanged, compared to its average volume of 265,252. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.26 and a quick ratio of 2.63. PROS has a 12 month low of $28.18 and a 12 month high of $44.33. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -39.77 and a beta of 1.05.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.19. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $50.75 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. PROS’s revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that PROS will post -0.88 EPS for the current year.

In other news, EVP Thomas Dziersk sold 2,000 shares of PROS stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $31.71, for a total value of $63,420.00. Following the sale, the executive vice president now directly owns 7,077 shares in the company, valued at approximately $224,411.67. The sale was disclosed in a filing with the SEC, which is available through this link. 15.40% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of PRO. Primecap Management Co. CA grew its position in shares of PROS by 40.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,686,400 shares of the software maker’s stock worth $94,078,000 after buying an additional 775,909 shares during the last quarter. SQN Investors LP bought a new stake in shares of PROS in the 4th quarter worth approximately $16,347,000. BlackRock Inc. grew its position in shares of PROS by 19.8% in the 3rd quarter. BlackRock Inc. now owns 2,222,605 shares of the software maker’s stock worth $77,837,000 after buying an additional 366,708 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of PROS in the 3rd quarter worth approximately $11,741,000. Finally, Vanguard Group Inc grew its position in shares of PROS by 18.5% in the 3rd quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after buying an additional 247,315 shares during the last quarter.

PROS Company Profile

PROS Holdings, Inc provides AI-powered solutions that optimize selling in the digital economy. Its solutions enable companies to price, configure, and sell products and services in an omnichannel environment with speed, precision, and consistency. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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