PROS (PRO) Upgraded to “Strong-Buy” by Needham & Company LLC
PROS (NYSE:PRO) was upgraded by stock analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage presently has a $35.00 price target on the software maker’s stock. Needham & Company LLC’s price objective points to a potential upside of 47.62% from the company’s current price.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded PROS from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating and set a $28.00 price objective on shares of PROS in a research report on Sunday, October 8th. Finally, ValuEngine lowered PROS from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. PROS currently has an average rating of “Buy” and a consensus target price of $31.60.
PROS (PRO) opened at $23.71 on Monday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94. PROS has a 12-month low of $20.34 and a 12-month high of $30.49.
PROS (NYSE:PRO) last issued its earnings results on Thursday, October 26th. The software maker reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.01. PROS had a negative return on equity of 2,114.05% and a negative net margin of 48.93%. The company had revenue of $41.94 million during the quarter, compared to analyst estimates of $41.07 million. During the same quarter last year, the firm earned ($0.19) EPS. The business’s revenue was up 9.3% on a year-over-year basis. research analysts predict that PROS will post -1.48 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of PROS by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after buying an additional 59 shares in the last quarter. Legal & General Group Plc raised its position in shares of PROS by 3.3% during the second quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after purchasing an additional 199 shares during the period. Wells Fargo & Company MN raised its position in shares of PROS by 1.1% during the second quarter. Wells Fargo & Company MN now owns 19,890 shares of the software maker’s stock worth $545,000 after purchasing an additional 211 shares during the period. Stifel Financial Corp raised its position in shares of PROS by 3.6% during the second quarter. Stifel Financial Corp now owns 19,418 shares of the software maker’s stock worth $532,000 after purchasing an additional 673 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of PROS by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock worth $571,000 after purchasing an additional 901 shares during the period. 93.27% of the stock is currently owned by institutional investors.
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PROS Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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