PROS (NYSE:PRO) Shares Down 8.7%

Shares of PROS Holdings, Inc. (NYSE:PRO) were down 8.7% during trading on Friday . The stock traded as low as $67.45 and last traded at $67.90, approximately 894,447 shares traded hands during trading. An increase of 125% from the average daily volume of 396,659 shares. The stock had previously closed at $74.41.

Several analysts recently commented on PRO shares. Needham & Company LLC set a $80.00 price target on shares of PROS and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of PROS from $55.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. KeyCorp lifted their target price on shares of PROS from $58.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Bank of America assumed coverage on shares of PROS in a research note on Monday, June 17th. They issued a “buy” rating and a $75.00 target price for the company. Finally, Northland Securities lifted their target price on shares of PROS from $55.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.18.

The company has a market cap of $2.94 billion, a P/E ratio of -62.29 and a beta of 1.13. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 2.28. The stock’s 50-day moving average price is $69.90 and its 200 day moving average price is $53.96.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.01. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The company had revenue of $63.88 million for the quarter, compared to analyst estimates of $61.41 million. During the same quarter last year, the firm posted ($0.16) earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. Analysts expect that PROS Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

In other news, Director Ronald F. Woestemeyer sold 750,000 shares of PROS stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $72.15, for a total value of $54,112,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andres Reiner sold 25,973 shares of PROS stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $72.26, for a total transaction of $1,876,808.98. The disclosure for this sale can be found here. In the last three months, insiders sold 781,973 shares of company stock worth $56,423,109. Insiders own 13.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Brown Capital Management LLC increased its position in PROS by 15.9% during the second quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock worth $409,865,000 after acquiring an additional 888,018 shares during the period. Primecap Management Co. CA increased its position in PROS by 17.9% during the first quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock worth $140,254,000 after acquiring an additional 504,500 shares during the period. Vanguard Group Inc. increased its position in PROS by 45.5% during the second quarter. Vanguard Group Inc. now owns 2,498,223 shares of the software maker’s stock worth $158,038,000 after acquiring an additional 781,598 shares during the period. BlackRock Inc. increased its position in PROS by 8.4% during the second quarter. BlackRock Inc. now owns 2,390,678 shares of the software maker’s stock worth $151,234,000 after acquiring an additional 185,835 shares during the period. Finally, Renaissance Technologies LLC increased its position in PROS by 226.1% during the second quarter. Renaissance Technologies LLC now owns 997,000 shares of the software maker’s stock worth $63,070,000 after acquiring an additional 691,300 shares during the period.

About PROS (NYSE:PRO)

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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