Shares of PROS Holdings, Inc. (NYSE:PRO) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $49.88.

PRO has been the topic of several recent analyst reports. Zacks Investment Research upgraded PROS from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Saturday, January 26th. Needham & Company LLC upped their target price on PROS from $50.00 to $60.00 and gave the company a “strong-buy” rating in a report on Friday, April 26th. Royal Bank of Canada upped their target price on PROS to $48.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Nomura upped their target price on PROS from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their target price on PROS from $42.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, April 26th.

NYSE PRO traded down $1.67 on Friday, reaching $50.83. The company’s stock had a trading volume of 404,375 shares, compared to its average volume of 312,681. PROS has a twelve month low of $28.18 and a twelve month high of $53.35. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -46.63 and a beta of 1.27.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.66 million. During the same period in the prior year, the company earned ($0.19) EPS. PROS’s revenue was up 17.1% on a year-over-year basis. As a group, research analysts predict that PROS will post -0.86 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. bought a new stake in PROS during the fourth quarter worth approximately $26,000. NumerixS Investment Technologies Inc bought a new stake in PROS during the first quarter worth approximately $34,000. Advisor Group Inc. boosted its position in PROS by 391.9% during the first quarter. Advisor Group Inc. now owns 915 shares of the software maker’s stock worth $39,000 after purchasing an additional 729 shares during the period. Icon Wealth Partners LLC bought a new stake in PROS during the first quarter worth approximately $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PROS by 64.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,308 shares of the software maker’s stock worth $72,000 after purchasing an additional 908 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

PROS Company Profile

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.

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Analyst Recommendations for PROS (NYSE:PRO)

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