PROS (NYSE:PRO) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of PROS (NYSE:PRO) in a report released on Wednesday, Benzinga reports. Needham & Company LLC currently has a $40.00 price target on the software maker’s stock.

Separately, KeyCorp upgraded PROS from a sector weight rating to an overweight rating and set a $43.00 target price on the stock in a research note on Friday, January 12th.

PROS Stock Performance

Shares of PROS stock opened at $30.58 on Wednesday. The company has a market capitalization of $1.44 billion, a PE ratio of -25.07 and a beta of 1.18. The company has a 50-day simple moving average of $35.03 and a two-hundred day simple moving average of $35.69. PROS has a one year low of $24.61 and a one year high of $40.99.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.69 million for the quarter, compared to the consensus estimate of $79.84 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) EPS. On average, equities analysts predict that PROS will post -0.54 earnings per share for the current fiscal year.

Insider Transactions at PROS

In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.92, for a total transaction of $215,520.00. Following the sale, the chief financial officer now owns 260,223 shares in the company, valued at approximately $9,347,210.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Trading of PROS

Several institutional investors and hedge funds have recently bought and sold shares of PRO. State Board of Administration of Florida Retirement System raised its holdings in shares of PROS by 14.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,612 shares of the software maker’s stock worth $531,000 after purchasing an additional 1,840 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of PROS by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 690,397 shares of the software maker’s stock valued at $25,082,000 after buying an additional 5,229 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of PROS by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock valued at $292,000 after buying an additional 632 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of PROS in the 1st quarter valued at about $1,291,000. Finally, Inspire Advisors LLC purchased a new stake in shares of PROS in the first quarter worth about $775,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.