Pros Holdings Inc. (PRO) Sees Strong Trading Volume
Pros Holdings Inc. (NYSE:PRO) saw unusually-strong trading volume on Friday . Approximately 225,570 shares were traded during trading, an increase of 35% from the previous session’s volume of 166,730 shares.The stock last traded at $18.70 and had previously closed at $18.70.
PRO has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price (up from $15.00) on shares of Pros Holdings in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $16.00 target price on shares of Pros Holdings in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG increased their target price on Pros Holdings from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.55.
The company’s 50-day moving average is $17.76 and its 200-day moving average is $13.64. The company’s market cap is $568.27 million.
Pros Holdings (NYSE:PRO) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. During the same quarter last year, the firm posted ($0.11) EPS. The business earned $37 million during the quarter, compared to analyst estimates of $35.70 million. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Pros Holdings Inc. will post ($1.16) EPS for the current fiscal year.
Other hedge funds and institutional investors have bought and sold shares of the company. Broadview Advisors LLC raised its position in Pros Holdings by 2.0% in the fourth quarter. Broadview Advisors LLC now owns 224,225 shares of the company’s stock valued at $5,166,000 after buying an additional 4,350 shares during the period. State of New Jersey Common Pension Fund D boosted 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 last quarter. Finally, Morgan Stanley boosted 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 last quarter.
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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