Pros Holdings Inc. (PRO) Shares Up 3.5%
Pros Holdings Inc. (NYSE:PRO)’s share price shot up 3.5% during trading on Tuesday . The company traded as high as $18.79 and last traded at $18.68, with a volume of 70,348 shares trading hands. The stock had previously closed at $18.05.
A number of research firms have recently commented on PRO. JPMorgan Chase & Co. reissued a “hold” rating on shares of Pros Holdings in a research report on Wednesday, May 4th. Deutsche Bank AG lifted their price target 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, Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target (up previously from $15.00) on shares of Pros Holdings in a research report on Tuesday, August 2nd. 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 currently has a consensus rating of “Hold” and a consensus target price of $17.55.
The firm has a 50 day moving average price of $18.11 and a 200-day moving average price of $13.97. The firm’s market cap is $574.35 million.
Pros Holdings (NYSE:PRO) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. The firm had revenue of $37 million for the quarter, compared to analyst estimates of $35.70 million. The company’s revenue was down 11.3% compared to the same quarter last year. During the same period last year, the company earned ($0.11) EPS. Analysts forecast that Pros Holdings Inc. will post ($1.16) EPS for the current fiscal year.
A hedge fund recently raised its stake in Pros Holdings stock. Schwab Charles Investment Management Inc. boosted its position in Pros Holdings Inc. (NYSE:PRO) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,253 shares of the company’s stock after buying an additional 2,128 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.26% of Pros Holdings worth $1,803,000 as of its most recent filing with the SEC.
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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