Pros Holdings Inc. (PRO) Sees Large Volume Increase
Shares of Pros Holdings Inc. (NYSE:PRO) saw an uptick in trading volume on Thursday . 153,136 shares traded hands during 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.
A number of brokerages recently weighed in on PRO. Deutsche Bank AG lifted their target price on shares of Pros Holdings from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $16.00 price target on shares of Pros Holdings in a research note on Wednesday, August 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Pros Holdings in a research note on Monday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.00.
The firm’s market capitalization is $607.78 million. The company has a 50 day moving average of $18.52 and a 200-day moving average of $14.45.
Pros Holdings (NYSE:PRO) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.06. The business earned $37 million during the quarter, compared to analysts’ expectations of $35.70 million. Pros Holdings’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. On average, analysts anticipate that Pros Holdings Inc. will post ($1.16) EPS 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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