Zacks Investment Research downgraded shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a research report sent to investors on Saturday morning, Zacks.com reports.

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 “

Several other equities analysts have also recently issued reports on PRO. Nomura boosted their target price on shares of PROS from $77.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 26th. Bank of America began coverage on shares of PROS in a research note on Monday, June 17th. They issued a buy rating and a $75.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of PROS from $55.00 to $78.00 and gave the company an overweight rating in a research note on Friday, July 26th. KeyCorp boosted their target price on shares of PROS from $58.00 to $77.00 and gave the company an overweight rating in a research note on Friday, July 26th. Finally, Northland Securities boosted their target price on shares of PROS from $55.00 to $72.00 and gave the company an outperform rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $71.18.

PRO opened at $73.11 on Friday. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a fifty day moving average price of $69.46 and a 200 day moving average price of $53.39. PROS has a 1 year low of $28.18 and a 1 year high of $75.39. The stock has a market cap of $2.91 billion, a P/E ratio of -67.07 and a beta of 1.13.

PROS (NYSE:PRO) last posted its earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The firm had revenue of $63.88 million during the quarter, compared to analysts’ expectations of $61.41 million. During the same period in the previous year, the business posted ($0.16) EPS. The business’s revenue was up 34.8% compared to the same quarter last year. Equities analysts expect that PROS will post -0.83 EPS for the current year.

In other PROS news, EVP Thomas Dziersk sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $72.49, for a total transaction of $217,470.00. Following the completion of the transaction, the executive vice president now directly owns 5,357 shares in the company, valued at $388,328.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy V. Williams sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $73.05, for a total transaction of $73,050.00. Following the transaction, the director now owns 107,373 shares of the company’s stock, valued at $7,843,597.65. The disclosure for this sale can be found here. Insiders have sold 781,973 shares of company stock valued at $56,423,109 over the last 90 days. 13.70% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Columbus Circle Investors acquired a new position in PROS during the second quarter worth $6,396,000. Stephens Investment Management Group LLC grew its holdings in shares of PROS by 0.6% during the second quarter. Stephens Investment Management Group LLC now owns 926,331 shares of the software maker’s stock worth $58,600,000 after buying an additional 5,419 shares in the last quarter. Norges Bank purchased a new stake in shares of PROS during the fourth quarter worth $15,133,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of PROS by 220.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,972 shares of the software maker’s stock worth $1,263,000 after buying an additional 13,730 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of PROS by 19.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,952 shares of the software maker’s stock worth $251,000 after buying an additional 959 shares in the last quarter.

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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