PROS (PRO) Receiving Somewhat Favorable News Coverage, Report Finds
News coverage about PROS (NYSE:PRO) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PROS earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.9506281381055 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Nick Schmaltz’s Path to the Pros (usahockey.com)
- Third-party and insider threats one of the biggest concerns to IT pros (helpnetsecurity.com)
- Before You Commit To That Coworking Space, Know The Pros and Cons (inc.com)
- IT pros are not confident their organizations have the skills to take advantage of AI (msn.com)
- Pros and cons of the Minneapolis fourplex plan (finance-commerce.com)
PRO opened at $32.85 on Tuesday. The company has a debt-to-equity ratio of -4.54, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $1,056.38, a price-to-earnings ratio of -21.47 and a beta of 1.20. PROS has a 12 month low of $21.36 and a 12 month high of $34.91.
Several research firms have commented on PRO. DA Davidson began coverage on PROS in a report on Friday, February 2nd. They issued a “neutral” rating and a $28.00 price target for the company. Zacks Investment Research cut PROS from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. ValuEngine upgraded PROS from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Needham & Company LLC lifted their price target on PROS to $40.00 and gave the company a “strong-buy” rating in a report on Monday, March 5th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. PROS has an average rating of “Buy” and a consensus price target of $31.83.
In other news, CEO Andres Reiner sold 15,000 shares of PROS stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $32.99, for a total value of $494,850.00. Following the transaction, the chief executive officer now directly owns 470,074 shares of the company’s stock, valued at approximately $15,507,741.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald F. Woestemeyer sold 250,000 shares of PROS stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $31.00, for a total value of $7,750,000.00. The disclosure for this sale can be found here. Insiders sold a total of 535,000 shares of company stock worth $16,610,450 over the last ninety days. Corporate insiders own 15.40% of the company’s stock.
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PROS Company Profile
PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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