PROS (NYSE:PRO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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 “

Other equities analysts also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $35.00 price objective on shares of PROS in a report on Tuesday, October 24th. Stifel Nicolaus restated a “hold” rating and issued a $28.00 price objective on shares of PROS in a report on Sunday, October 8th. Finally, ValuEngine downgraded PROS from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $31.60.

PROS (NYSE PRO) opened at $26.08 on Wednesday. PROS has a twelve month low of $20.34 and a twelve month high of $30.49. The company has a market capitalization of $833.09, a P/E ratio of -10.27 and a beta of 1.52. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of -5.94.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, October 26th. The software maker reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. PROS had a negative return on equity of 2,114.05% and a negative net margin of 48.93%. The firm had revenue of $41.94 million for the quarter, compared to the consensus estimate of $41.07 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. analysts expect that PROS will post -1.48 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. DF Dent & Co. Inc. boosted its position in PROS by 16.6% during the third quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock worth $65,219,000 after purchasing an additional 385,329 shares during the period. Riverbridge Partners LLC boosted its position in PROS by 20.2% during the third quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock worth $62,889,000 after purchasing an additional 437,522 shares during the period. Conestoga Capital Advisors LLC boosted its position in PROS by 10.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,664,246 shares of the software maker’s stock worth $40,158,000 after purchasing an additional 160,585 shares during the period. Daruma Capital Management LLC boosted its position in PROS by 2,559.7% during the second quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock worth $38,784,000 after purchasing an additional 1,362,746 shares during the period. Finally, Vanguard Group Inc. boosted its position in PROS by 3.6% during the second quarter. Vanguard Group Inc. now owns 1,247,134 shares of the software maker’s stock worth $34,158,000 after purchasing an additional 43,377 shares during the period. 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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