PROS (NYSE:PRO) Rating Lowered to “Market Perform” at Oppenheimer

PROS (NYSE:PRO) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Thursday,Briefing.com Automated Import reports.

A number of other equities analysts also recently weighed in on PRO. Robert W. Baird boosted their target price on PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. KeyCorp reduced their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Northland Securities reiterated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.88.

PROS Trading Up 1.6 %

Shares of NYSE:PRO opened at $22.31 on Thursday. The stock has a market cap of $1.06 billion, a PE ratio of -35.98 and a beta of 1.21. The stock’s fifty day simple moving average is $22.95 and its two-hundred day simple moving average is $21.41. PROS has a 1-year low of $16.64 and a 1-year high of $38.71.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that PROS will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its holdings in PROS by 28.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after buying an additional 3,148 shares in the last quarter. JPMorgan Chase & Co. grew its stake in PROS by 570.6% during the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after acquiring an additional 338,158 shares in the last quarter. Barclays PLC increased its holdings in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after acquiring an additional 184,856 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in PROS during the 3rd quarter worth approximately $694,000. Finally, K2 Principal Fund L.P. lifted its stake in PROS by 29.5% in the 3rd quarter. K2 Principal Fund L.P. now owns 68,000 shares of the software maker’s stock worth $1,259,000 after purchasing an additional 15,482 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

About PROS

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.