PROS STOCK RATING LOWERED BY STOCKNEWS.COM

On November 8, 2024, PROS (NYSE:PRO) received a downgrade from a "buy" rating to a "hold" rating by analysts at StockNews.com. This decision came through a research note issued on Friday.

Other analysts have also reviewed the stock recently. Notably, Robert W. Baird lowered their price target for PROS from $35.00 to $28.00 while maintaining an "outperform" rating in a report on October 30. Similarly, Oppenheimer adjusted their price target from $31.00 to $27.00, also giving it an "outperform" rating in their report dated October 24. Additionally, KeyCorp reduced their price objective on PROS from $36.00 to $28.00, rating it as "overweight" in another note on October 30. Needham & Company LLC adjusted their target price from $40.00 to $30.00 with a "buy" rating on the same date. Furthermore, Stifel Nicolaus cut their target from $40.00 to $32.00 while giving a "buy" rating in a report from July 31.

As of now, one analyst has rated PROS as a hold, whereas eight others have assigned it a buy rating. According to MarketBeat.com, the current consensus rating for the stock is classified as a "Moderate Buy," with an average target price of $31.63.

PROS Stock Price Overview

On Friday, PROS stock opened at $23.26. The stock has experienced fluctuations over the past year, registering a low of $16.64 and a high of $40.99. The company's 50-day moving average is currently $18.82, while its 200-day moving average stands at $24.03. PROS has a market capitalization of approximately $1.10 billion, a P/E ratio of -37.52, and a beta of 1.20.

PROS Holdings, Inc., released its most recent quarterly earnings results on October 29, revealing earnings per share (EPS) of $0.14, which exceeded analysts' estimates of $0.09 by $0.05. The firm reported revenue of $82.70 million for the last quarter, beating the expected $82.32 million. This represents a year-over-year revenue increase of 7.1%. In the same quarter the previous year, the company had an EPS of ($0.17). Analysts predict an EPS of -0.29 for the ongoing fiscal year.

Institutional Investor Activity

Several hedge funds have recently made adjustments to their holdings in PROS. Oppenheimer Asset Management Inc. increased its stake in PROS by 29.3% in the third quarter. They currently hold 11,917 shares valued at $221,000 after acquiring an additional 2,700 shares recently. US Bancorp DE raised its shares in PROS by 136.9% in the same quarter and now owns 16,659 shares worth $309,000 after purchasing 9,627 more shares. Assenagon Asset Management S.A. expanded its position in PROS by 218.6%, owning 418,023 shares valued at $7,742,000 after acquiring an additional 286,825 shares. Hennion & Walsh Asset Management Inc. also boosted its stake by 27.4%, now owning 11,141 shares worth $206,000 following a purchase of 2,393 additional shares. Lastly, Kopion Asset Management LLC increased its position by 60.0%, holding 461,695 shares valued at $8,551,000 after acquiring 173,168 shares. Overall, 94.27% of PROS stock is owned by hedge funds and other institutional investors.

Overview of PROS Holdings, Inc.

PROS Holdings, Inc. provides software solutions that enhance selling and shopping processes in the digital economy across various regions, including Europe, Asia Pacific, the Middle East, and Africa. The company offers products such as the PROS Smart Configure Price Quote, designed to enhance sales productivity and streamline deals by automating common sales tasks, and PROS Smart Price Optimization and Management, which helps businesses optimize and personalize pricing for better revenue management.

PROS, Stock, Downgrade