PROS (NYSE:PRO) Rating Increased to Buy at Zacks Investment Research

PROS (NYSE:PRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $81.00 target price on the software maker’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.34% from the company’s previous close.

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 “

Other equities analysts have also issued research reports about the stock. KeyCorp lifted their target price on shares of PROS from $58.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Bank of America began coverage on shares of PROS in a report on Monday, June 17th. They set a “buy” rating and a $75.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of PROS to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Northland Securities lifted their price target on shares of PROS from $55.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Nomura lifted their price target on shares of PROS from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. PROS presently has a consensus rating of “Buy” and a consensus target price of $71.18.

NYSE:PRO opened at $74.08 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -67.96 and a beta of 1.13. The firm’s fifty day simple moving average is $69.65 and its 200 day simple moving average is $53.59. PROS has a twelve month low of $28.18 and a twelve month high of $75.39.

PROS (NYSE:PRO) last posted its earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The business had revenue of $63.88 million for the quarter, compared to analyst estimates of $61.41 million. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The business’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS. On average, analysts predict that PROS will post -0.83 earnings per share for the current year.

In other news, Director Timothy V. Williams sold 1,000 shares of PROS stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total value of $73,050.00. Following the completion of the transaction, the director now directly owns 107,373 shares of the company’s stock, valued at approximately $7,843,597.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald F. Woestemeyer sold 750,000 shares of PROS stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $72.15, for a total transaction of $54,112,500.00. The disclosure for this sale can be found here. Insiders sold a total of 781,973 shares of company stock valued at $56,423,109 over the last ninety days. Company insiders own 13.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PRO. Brown Capital Management LLC boosted its stake in PROS by 15.9% during the 2nd quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock valued at $409,865,000 after purchasing an additional 888,018 shares during the period. Vanguard Group Inc. boosted its stake in PROS by 45.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,498,223 shares of the software maker’s stock valued at $158,038,000 after purchasing an additional 781,598 shares during the period. Renaissance Technologies LLC boosted its stake in PROS by 226.1% during the 2nd quarter. Renaissance Technologies LLC now owns 997,000 shares of the software maker’s stock valued at $63,070,000 after purchasing an additional 691,300 shares during the period. Primecap Management Co. CA boosted its stake in PROS by 17.9% during the 1st quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock valued at $140,254,000 after purchasing an additional 504,500 shares during the period. Finally, Norges Bank acquired a new position in PROS during the 4th quarter valued at about $15,133,000.

PROS Company Profile

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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