Pros Holdings Inc. (PRO) Sees Strong Trading Volume
Pros Holdings Inc. (NYSE:PRO) shares saw unusually-high trading volume on Thursday . Approximately 153,136 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 141,269 shares.The stock last traded at $19.59 and had previously closed at $19.68.
PRO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “hold” rating on shares of Pros Holdings in a research note on Wednesday, May 4th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target (up from $15.00) on shares of Pros Holdings in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG raised their price target on shares of Pros Holdings from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.00.
The firm’s market cap is $596.54 million. The company has a 50 day moving average of $18.45 and a 200-day moving average of $14.42.
Pros Holdings (NYSE:PRO) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. The company had revenue of $37 million for the quarter, compared to the consensus estimate of $35.70 million. The company’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) earnings per share. Analysts predict that Pros Holdings Inc. will post ($1.16) earnings per share for the current year.
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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