PROS Holdings’ (PRO) Hold Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of PROS Holdings, Inc. (NYSE:PRO) in a report released on Sunday morning. The brokerage currently has a $28.00 price target on the software maker’s stock.
Separately, Pacific Crest increased their price objective on PROS Holdings from $30.00 to $35.00 and gave the stock an overweight rating in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $31.60.
PROS Holdings (NYSE PRO) opened at 24.86 on Friday. The stock’s 50 day moving average is $24.82 and its 200-day moving average is $26.18. The firm’s market cap is $790.25 million. PROS Holdings has a 1-year low of $20.34 and a 1-year high of $30.49.
PROS Holdings (NYSE:PRO) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.04. The firm had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) EPS. Analysts forecast that PROS Holdings will post ($0.87) EPS for the current year.
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In other news, Director Ronald F. Woestemeyer sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.67, for a total value of $807,777.25. Following the sale, the chief executive officer now directly owns 423,140 shares of the company’s stock, valued at $12,131,423.80. The disclosure for this sale can be found here. Insiders have sold a total of 86,350 shares of company stock valued at $2,296,808 over the last ninety days. Company insiders own 17.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Castleark Management LLC raised its stake in shares of PROS Holdings by 20.6% during the 2nd quarter. Castleark Management LLC now owns 314,937 shares of the software maker’s stock worth $8,626,000 after purchasing an additional 53,872 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of PROS Holdings by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock worth $571,000 after purchasing an additional 901 shares in the last quarter. Daruma Capital Management LLC raised its stake in shares of PROS Holdings by 2,559.7% during the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock worth $38,784,000 after purchasing an additional 1,362,746 shares in the last quarter. State Street Corp raised its stake in shares of PROS Holdings by 7.2% during the 2nd quarter. State Street Corp now owns 501,860 shares of the software maker’s stock worth $13,750,000 after purchasing an additional 33,554 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in shares of PROS Holdings during the 2nd quarter worth about $110,000. 91.59% of the stock is owned by institutional investors.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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