Brokerages Set PROS Holdings, Inc. (PRO) Price Target at $42.00
PROS Holdings, Inc. (NYSE:PRO) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.00.
Several research analysts have recently weighed in on PRO shares. Royal Bank of Canada started coverage on PROS in a report on Tuesday, October 16th. They set an “outperform” rating and a $38.00 target price on the stock. Nomura lowered their target price on PROS from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Finally, Zacks Investment Research upgraded PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a report on Friday, November 2nd.
Shares of PROS stock traded up $0.19 on Friday, hitting $32.43. 1,210 shares of the company were exchanged, compared to its average volume of 261,483. The stock has a market cap of $1.14 billion, a P/E ratio of -21.23 and a beta of 1.02. PROS has a 1-year low of $26.23 and a 1-year high of $41.10. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63.
In other news, CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $32.21, for a total transaction of $322,100.00. Following the sale, the chief executive officer now owns 435,399 shares of the company’s stock, valued at approximately $14,024,201.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Dziersk sold 2,000 shares of PROS stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $31.71, for a total transaction of $63,420.00. Following the sale, the executive vice president now directly owns 7,077 shares in the company, valued at approximately $224,411.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock worth $699,220. Corporate insiders own 15.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in PRO. Primecap Management Co. CA raised its position in PROS by 40.6% in the third quarter. Primecap Management Co. CA now owns 2,686,400 shares of the software maker’s stock valued at $94,078,000 after purchasing an additional 775,909 shares during the period. BlackRock Inc. raised its position in PROS by 19.8% in the third quarter. BlackRock Inc. now owns 2,222,605 shares of the software maker’s stock valued at $77,837,000 after purchasing an additional 366,708 shares during the period. Marshall Wace LLP purchased a new stake in PROS in the third quarter valued at approximately $11,741,000. Conestoga Capital Advisors LLC raised its position in PROS by 13.7% in the third quarter. Conestoga Capital Advisors LLC now owns 2,262,831 shares of the software maker’s stock valued at $79,244,000 after purchasing an additional 272,260 shares during the period. Finally, Vanguard Group Inc. raised its position in PROS by 18.5% in the third quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after purchasing an additional 247,315 shares during the period. 99.41% of the stock is currently owned by hedge funds and other institutional investors.
PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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