Investment Analysts’ Recent Ratings Changes for PROS (PRO)

by · The Cerbat Gem

Several analysts have recently updated their ratings and price targets for PROS (NYSE: PRO):

  • 10/30/2024 – PROS had its price target lowered by analysts at KeyCorp from $36.00 to $28.00. They now have an “overweight” rating on the stock.
  • 10/30/2024 – PROS had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $38.00 price target on the stock, down previously from $40.00.
  • 10/30/2024 – PROS had its price target lowered by analysts at Robert W. Baird from $35.00 to $28.00. They now have an “outperform” rating on the stock.
  • 10/30/2024 – PROS was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 10/30/2024 – PROS had its price target lowered by analysts at Needham & Company LLC from $40.00 to $30.00. They now have a “buy” rating on the stock.
  • 10/30/2024 – PROS was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock.
  • 10/24/2024 – PROS had its price target lowered by analysts at Oppenheimer Holdings Inc. from $31.00 to $27.00. They now have an “outperform” rating on the stock.
  • 10/16/2024 – PROS was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 10/8/2024 – PROS was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 9/26/2024 – PROS was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 9/18/2024 – PROS was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 9/9/2024 – PROS had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock.

PROS Stock Up 8.3 %

NYSE PRO traded up $1.78 on Wednesday, reaching $23.10. The company had a trading volume of 874,333 shares, compared to its average volume of 463,508. The stock has a market capitalization of $1.09 billion, a P/E ratio of -37.26 and a beta of 1.20. The company’s fifty day moving average is $18.68 and its 200 day moving average is $24.04. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $40.99.

PROS (NYSE:PRO – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. On average, research analysts expect that PROS Holdings, Inc. will post -0.29 EPS for the current year.

Institutional Trading of PROS

Several institutional investors and hedge funds have recently modified their holdings of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the 2nd quarter valued at about $29,000. Quarry LP purchased a new position in shares of PROS during the 2nd quarter valued at about $38,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of PROS by 27.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of PROS during the 2nd quarter valued at about $210,000. Finally, Oppenheimer Asset Management Inc. grew its position in PROS by 29.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after acquiring an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

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.

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