Pros Holdings Inc. (PRO) Trading Up 3.8%
Pros Holdings Inc. (NYSE:PRO)’s share price was up 3.8% on Wednesday . The stock traded as high as $17.99 and last traded at $17.86, with a volume of 141,310 shares changing hands. The stock had previously closed at $17.21.
Separately, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Pros Holdings in a research report on Wednesday, May 4th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pros Holdings has an average rating of “Hold” and an average price target of $17.33.
The stock’s market cap is $541.82 million. The stock’s 50 day moving average price is $16.66 and its 200 day moving average price is $13.53.
Pros Holdings (NYSE:PRO) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.07. During the same quarter in the prior year, the firm earned ($0.09) EPS. The firm had revenue of $37.90 million for the quarter, compared to the consensus estimate of $36.58 million. The company’s revenue was down 15.4% on a year-over-year basis. On average, equities research analysts expect that Pros Holdings Inc. will post ($1.18) earnings per share for the current year.
Several large investors recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Pros Holdings by 223.6% in the fourth quarter. Morgan Stanley now owns 1,576,779 shares of the company’s stock worth $36,329,000 after buying an additional 1,089,490 shares during the period. Nationwide Fund Advisors raised its stake in Pros Holdings by 7.4% in the fourth quarter. Nationwide Fund Advisors now owns 196,413 shares of the company’s stock worth $4,525,000 after buying an additional 13,455 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake 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 worth $21,278,000 after buying an additional 33,500 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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