PROS (NYSE:PRO) Issues Earnings Results

PROS (NYSE:PRO) posted its earnings results on Tuesday. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03, Briefing.com reports. The business had revenue of $80.69 million during the quarter, compared to analysts’ expectations of $79.84 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. PROS’s revenue for the quarter was up 10.3% compared to the same quarter last year. PROS updated its Q2 guidance to $0.00 to $0.02 EPS.

PROS Trading Up 0.2 %

PRO opened at $32.97 on Wednesday. The stock’s 50-day moving average price is $35.14 and its 200 day moving average price is $35.73. PROS has a 12-month low of $24.61 and a 12-month high of $40.99. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -27.02 and a beta of 1.18.

Insider Buying and Selling

In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.92, for a total transaction of $215,520.00. Following the sale, the chief financial officer now owns 260,223 shares in the company, valued at approximately $9,347,210.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PRO has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of PROS in a research report on Monday, March 4th. KeyCorp raised PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 target price on the stock in a research note on Friday, January 12th.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.