Pros Holdings Inc. (PRO) Sees Unusually-High Trading Volume
Shares of Pros Holdings Inc. (NYSE:PRO) saw an uptick in trading volume on Friday . 225,570 shares changed hands 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.
Several brokerages recently issued reports on PRO. Needham & Company LLC restated a “buy” rating and set a $22.00 target price (up from $15.00) on shares of Pros Holdings in a research report on Tuesday, August 2nd. Deutsche Bank AG boosted their target price on shares of Pros Holdings from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $16.00 target price on shares of Pros Holdings in a research report on Wednesday, August 3rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pros Holdings presently has a consensus rating of “Hold” and a consensus price target of $17.55.
The company’s market cap is $568.27 million. The company has a 50-day moving average of $17.80 and a 200-day moving average of $13.67.
Pros Holdings (NYSE:PRO) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. During the same period in the previous year, the business earned ($0.11) earnings per share. The company earned $37 million during the quarter, compared to analysts’ expectations of $35.70 million. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, analysts expect that Pros Holdings Inc. will post ($1.16) EPS for the current fiscal year.
Several institutional investors recently made changes to their positions in PRO. Broadview Advisors LLC raised its position in shares of 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 last quarter. State of New Jersey Common Pension Fund D raised its position in shares of 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 raised its position in shares of 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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