PROS (NYSE:PRO) Price Target Lowered to $27.00 at Oppenheimer

PROS (NYSE:PRO) had its price objective lowered by investment analysts at Oppenheimer from $31.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price target points to a potential upside of 49.58% from the company’s previous close.

PRO has been the topic of a number of other research reports. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus decreased their target price on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Craig Hallum dropped their price target on shares of PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of PROS in a research note on Monday, September 9th. Finally, Bank of America cut their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.29.

PROS Price Performance

Shares of NYSE PRO traded up $0.36 during midday trading on Thursday, reaching $18.05. 25,702 shares of the stock were exchanged, compared to its average volume of 452,579. PROS has a 12 month low of $16.64 and a 12 month high of $40.99. The business has a 50-day simple moving average of $18.54 and a two-hundred day simple moving average of $25.09. The company has a market capitalization of $848.42 million, a price-to-earnings ratio of -17.18 and a beta of 1.21.

PROS (NYSE:PRO) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) EPS. Equities research analysts expect that PROS will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of PROS

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in PROS by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after acquiring an additional 144,729 shares during the last quarter. RGM Capital LLC boosted its stake in shares of PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after purchasing an additional 166,301 shares in the last quarter. Fred Alger Management LLC raised its holdings in PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after buying an additional 373,982 shares during the last quarter. William Blair Investment Management LLC boosted its position in PROS by 7.9% during the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock worth $21,344,000 after buying an additional 54,607 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in PROS by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after acquiring an additional 84,591 shares during the last quarter. 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.