Pros Holdings Inc. (PRO) Shares Down 1.8%
Pros Holdings Inc. (NYSE:PRO) was down 1.8% during mid-day trading on Thursday . The company traded as low as $17.04 and last traded at $17.23, with a volume of 100,664 shares trading hands. The stock had previously closed at $17.54.
Separately, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Pros Holdings in a research note on Wednesday, May 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.33.
The company has a 50-day moving average price of $16.34 and a 200-day moving average price of $13.70. The stock’s market cap is $520.90 million.
Pros Holdings (NYSE:PRO) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.07. The firm had revenue of $37.90 million for the quarter, compared to analyst estimates of $36.58 million. During the same period in the previous year, the business posted ($0.09) EPS. Pros Holdings’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, analysts expect that Pros Holdings Inc. will post ($1.18) earnings per share for the current year.
Other institutional investors recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in Pros Holdings by 7.4% in the fourth quarter. Nationwide Fund Advisors now owns 196,413 shares of the company’s stock valued at $4,525,000 after buying an additional 13,455 shares during the period. State of New Jersey Common Pension Fund D raised its position in Pros Holdings by 3.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 923,500 shares of the company’s stock valued at $21,278,000 after buying an additional 33,500 shares during the period. Finally, Morgan Stanley raised its position in Pros Holdings by 223.6% in the fourth quarter. Morgan Stanley now owns 1,576,779 shares of the company’s stock valued at $36,329,000 after buying an additional 1,089,490 shares during the period.
PROS Holdings, Inc provides enterprise revenue and profit realization software solutions. The Company’s software solutions are designed to help business-to-business (B2B) and business-to-consumer (B2C) companies. The Company also provides professional services to implement its software applications. The Company provides its solutions to enterprises across a range of industries, including manufacturing, distribution, services and travel.
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