PROS (NYSE:PRO) Given New $31.00 Price Target at KeyCorp

PROS (NYSE:PRO) had its price objective raised by investment analysts at KeyCorp from $28.00 to $31.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. KeyCorp’s price objective indicates a potential upside of 15.05% from the company’s previous close.

A number of other brokerages have also recently weighed in on PRO. 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 note on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Northland Securities reissued an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of PROS in a research note on Friday. Finally, StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PROS presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

PROS Stock Up 8.1 %

Shares of NYSE:PRO traded up $2.03 during midday trading on Friday, reaching $26.95. The company’s stock had a trading volume of 480,354 shares, compared to its average volume of 423,296. The firm has a market capitalization of $1.27 billion, a P/E ratio of -43.48 and a beta of 1.22. PROS has a 12-month low of $16.64 and a 12-month high of $38.71. The firm has a 50 day moving average of $23.22 and a 200-day moving average of $21.26.

PROS (NYSE:PRO) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, research analysts predict that PROS will post -0.29 EPS for the current year.

Institutional Trading of PROS

A number of institutional investors and hedge funds have recently bought and sold shares of PRO. RGM Capital LLC boosted its position in PROS by 1.7% in the third quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock worth $56,091,000 after purchasing an additional 50,000 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of PROS by 2.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock valued at $32,008,000 after purchasing an additional 39,846 shares during the last quarter. State Street Corp grew its holdings in PROS by 2.9% during the 3rd quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after buying an additional 33,176 shares in the last quarter. Tensile Capital Management LP increased its position in PROS by 373.4% in the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after purchasing an additional 915,990 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of PROS during the 3rd quarter valued at about $17,921,000. 94.27% of the stock is currently 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.