Begins Coverage on PROS (NYSE:PRO) started coverage on shares of PROS (NYSE:PROGet Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the software maker’s stock.

PRO has been the subject of a number of other research reports. Robert W. Baird raised their price target on PROS from $32.00 to $34.00 and gave the company an outperform rating in a research report on Friday, February 10th. Needham & Company LLC restated a buy rating and issued a $35.00 price target on shares of PROS in a research report on Wednesday, March 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from, the company presently has an average rating of Moderate Buy and a consensus target price of $36.00.

PROS Stock Performance

Shares of PRO opened at $26.08 on Thursday. The company’s 50 day simple moving average is $26.10 and its 200-day simple moving average is $24.68. PROS has a 12-month low of $18.08 and a 12-month high of $35.12.

PROS (NYSE:PROGet Rating) last issued its quarterly earnings results on Thursday, February 9th. The software maker reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.15. The company had revenue of $70.94 million for the quarter, compared to analyst estimates of $69.17 million. During the same period in the prior year, the business earned ($0.38) earnings per share. PROS’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts expect that PROS will post -0.86 earnings per share for the current year.

Insider Buying and Selling at PROS

In other PROS news, CAO Scott William Cook sold 3,000 shares of PROS stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $30.31, for a total value of $90,930.00. Following the completion of the sale, the chief accounting officer now owns 41,833 shares in the company, valued at approximately $1,267,958.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On PROS

Several hedge funds and other institutional investors have recently modified their holdings of PRO. Norges Bank acquired a new position in shares of PROS in the 4th quarter valued at about $10,395,000. Great West Life Assurance Co. Can acquired a new position in shares of PROS in the 3rd quarter valued at approximately $8,986,000. Cadian Capital Management LP acquired a new position in shares of PROS in the 3rd quarter valued at approximately $6,913,000. Conestoga Capital Advisors LLC raised its position in shares of PROS by 8.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,188,795 shares of the software maker’s stock valued at $77,360,000 after purchasing an additional 243,949 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of PROS in the 1st quarter valued at approximately $5,053,000. 96.21% of the stock is owned by institutional investors and hedge funds.

PROS Company Profile

(Get Rating)

PROS Holdings, Inc engages in the provision of solutions that optimize the processes of selling and shopping in the digital economy. Its solutions selling, pricing, and revenue management leverage artificial intelligence (AI), self-learning and automation to ensure that every transactional experience is fast, frictionless and personalized for every shopper, supporting both business-to-business (B2B) and business-to-consumer (B2C) companies across industry verticals.

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