PROS (NYSE:PRO) Trading Down 5.2% – Here’s What Happened

PROS Holdings, Inc. (NYSE:PRO) shares traded down 5.2% on Monday . The stock traded as low as $18.50 and last traded at $18.65. 92,090 shares were traded during mid-day trading, a decline of 80% from the average session volume of 454,047 shares. The stock had previously closed at $19.68.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PRO. Oppenheimer decreased their target price on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Craig Hallum lowered their target price on shares of PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Bank of America cut their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of PROS in a research report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

PROS Price Performance

The firm has a market cap of $876.15 million, a P/E ratio of -17.69 and a beta of 1.21. The company’s 50 day moving average is $18.59 and its two-hundred day moving average is $25.41.

PROS (NYSE:PRO) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million during the quarter, compared to the consensus estimate of $81.38 million. PROS’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) EPS. Research analysts predict that PROS Holdings, Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On PROS

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS during the 2nd quarter valued at about $29,000. Quarry LP acquired a new stake in PROS during the second quarter valued at approximately $38,000. Principal Financial Group Inc. grew its stake in shares of PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after purchasing an additional 484 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of PROS in the 2nd quarter worth approximately $210,000. Finally, Creative Planning bought a new position in shares of PROS during the 3rd quarter worth approximately $249,000. Institutional investors own 94.27% of the company’s stock.

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.