PROS (NYSE:PRO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “

Separately, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $50.00 price target on shares of PROS in a research note on Friday, February 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.75.

NYSE:PRO opened at $43.33 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.62. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -39.75 and a beta of 1.20. PROS has a fifty-two week low of $28.18 and a fifty-two week high of $44.33.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.19. The company had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $50.75 million. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.13) EPS. On average, equities analysts predict that PROS will post -0.88 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of PRO. SQN Investors LP purchased a new position in shares of PROS in the 4th quarter valued at $16,347,000. Norges Bank purchased a new position in shares of PROS in the 4th quarter valued at $15,133,000. BlackRock Inc. raised its stake in shares of PROS by 19.8% in the 3rd quarter. BlackRock Inc. now owns 2,222,605 shares of the software maker’s stock valued at $77,837,000 after acquiring an additional 366,708 shares during the period. Marshall Wace LLP purchased a new position in shares of PROS in the 3rd quarter valued at $11,741,000. Finally, Vanguard Group Inc. raised its stake in shares of PROS by 18.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after acquiring an additional 247,315 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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