Zacks Investment Research Lowers PROS (NYSE:PRO) to Hold

Zacks Investment Research cut shares of PROS (NYSE:PRO) from a buy rating to a hold rating in a research note released on Saturday morning, 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 “

PRO has been the topic of a number of other reports. Needham & Company LLC set a $80.00 price objective on PROS and gave the company a buy rating in a report on Friday, July 26th. JMP Securities reaffirmed a market perform rating on shares of PROS in a report on Friday, May 10th. DA Davidson lifted their price objective on PROS to $50.00 and gave the company a neutral rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. lifted their price objective on PROS from $55.00 to $78.00 and gave the company an overweight rating in a report on Friday, July 26th. Finally, Bank of America began coverage on PROS in a report on Monday, June 17th. They set a buy rating and a $75.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. PROS presently has an average rating of Buy and a consensus target price of $71.27.

Shares of PRO opened at $72.61 on Friday. PROS has a 12-month low of $28.18 and a 12-month high of $75.39. 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 firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -66.61 and a beta of 1.13. The stock’s 50-day moving average price is $69.26 and its 200 day moving average price is $53.20.

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

In other news, EVP Thomas Dziersk sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $72.49, for a total value of $217,470.00. Following the transaction, the executive vice president now directly owns 5,357 shares of the company’s stock, valued at approximately $388,328.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald F. Woestemeyer sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $72.15, for a total value of $54,112,500.00. The disclosure for this sale can be found here. Insiders have sold 781,973 shares of company stock worth $56,423,109 over the last ninety days. Company insiders own 13.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of PROS in the 2nd quarter worth approximately $25,000. Icon Wealth Partners LLC acquired a new position in shares of PROS in the 1st quarter worth approximately $57,000. SRS Capital Advisors Inc. acquired a new position in shares of PROS in the 2nd quarter worth approximately $145,000. Aperio Group LLC acquired a new position in shares of PROS in the 2nd quarter worth approximately $168,000. Finally, AlphaOne Investment Services LLC acquired a new position in shares of PROS in the 1st quarter worth approximately $169,000.

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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