PROS Holdings, Inc. (NYSE:PRO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $55.03 and last traded at $55.03, with a volume of 502 shares trading hands. The stock had previously closed at $55.66.

PRO has been the subject of a number of recent research reports. Stifel Nicolaus upgraded shares of PROS from a “hold” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $50.00 in a report on Thursday, May 23rd. Zacks Investment Research upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, February 5th. Nomura lifted their price target on shares of PROS from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $60.00 in a report on Friday, April 26th. Finally, Northland Securities reiterated a “buy” rating and set a $55.00 price target on shares of PROS in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. PROS has a consensus rating of “Buy” and a consensus price target of $52.20.

The firm has a market capitalization of $2.01 billion, a P/E ratio of -50.63 and a beta of 1.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.62.

PROS (NYSE:PRO) last released its earnings results on Thursday, April 25th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. PROS had a negative net margin of 30.36% and a negative return on equity of 188.83%. The firm had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.66 million. During the same period in the previous year, the firm earned ($0.19) earnings per share. PROS’s revenue was up 17.1% compared to the same quarter last year. Analysts expect that PROS Holdings, Inc. will post -0.86 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in PRO. Metropolitan Life Insurance Co NY lifted its position in shares of PROS by 7.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 10,023 shares of the software maker’s stock worth $423,000 after purchasing an additional 697 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of PROS by 18.7% during the first quarter. HighTower Advisors LLC now owns 7,913 shares of the software maker’s stock worth $326,000 after purchasing an additional 1,247 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of PROS during the first quarter worth $455,000. Hsbc Holdings PLC acquired a new position in shares of PROS during the first quarter worth $809,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PROS by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 194,315 shares of the software maker’s stock worth $8,208,000 after purchasing an additional 7,934 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “PROS (PRO) Hits New 1-Year High at $55.03” was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.dailypolitical.com/2019/05/29/pros-pro-hits-new-1-year-high-at-55-03.html.

About PROS (NYSE:PRO)

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

Read More: What does a bar chart display?

Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.