Zacks Investment Research downgraded shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

Several other equities research analysts have also issued reports on the company. Needham & Company LLC raised PROS from a buy rating to a strong-buy rating and set a $35.00 price target on the stock in a research report on Monday, December 11th. ValuEngine downgraded PROS from a hold rating to a sell rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a hold rating and set a $28.00 price objective on shares of PROS in a research note on Sunday, October 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $31.60.

Shares of PROS (PRO) opened at $26.16 on Wednesday. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $833.09, a P/E ratio of -10.30 and a beta of 1.52. PROS has a 52-week low of $20.34 and a 52-week high of $30.49.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The firm had revenue of $41.94 million for the quarter, compared to analyst estimates of $41.07 million. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) earnings per share. research analysts predict that PROS will post -1.48 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of PRO. Teachers Advisors LLC grew its stake in PROS by 2.8% during the 1st quarter. Teachers Advisors LLC now owns 42,303 shares of the software maker’s stock worth $1,023,000 after buying an additional 1,163 shares during the last quarter. Bank of Montreal Can grew its stake in PROS by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after buying an additional 59 shares during the last quarter. Russell Investments Group Ltd. bought a new position in PROS during the 2nd quarter worth $411,000. Schwab Charles Investment Management Inc. grew its stake in shares of PROS by 16.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 120,563 shares of the software maker’s stock worth $3,303,000 after purchasing an additional 17,038 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of PROS by 6.0% in the second quarter. Rhumbline Advisers now owns 29,323 shares of the software maker’s stock worth $803,000 after purchasing an additional 1,657 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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About PROS

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.

Analyst Recommendations for PROS (NYSE:PRO)

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