PROS (NYSE:PRO) Upgraded to “Strong-Buy” by Needham & Company LLC

Needham & Company LLC upgraded shares of PROS (NYSE:PRO) from a buy rating to a strong-buy rating in a report published on Monday, December 11th, MarketBeat.com reports. They currently have $35.00 price objective on the software maker’s stock.

Several other analysts also recently weighed in on PRO. Stifel Nicolaus reiterated a hold rating and issued a $28.00 price objective on shares of PROS in a research report on Sunday, October 8th. Zacks Investment Research upgraded shares of PROS from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of 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, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $31.60.

PROS (NYSE:PRO) traded up $0.58 during midday trading on Monday, hitting $27.03. 275,231 shares of the stock traded hands, compared to its average volume of 224,250. PROS has a 1-year low of $20.34 and a 1-year high of $30.49. The company has a debt-to-equity ratio of -5.94, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market cap of $862.45, a price-to-earnings ratio of -10.64 and a beta of 1.52.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The business had revenue of $41.94 million during the quarter, compared to analyst estimates of $41.07 million. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted ($0.19) earnings per share. equities research analysts expect that PROS will post -1.48 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in PRO. Daruma Capital Management LLC raised its position in shares of PROS by 2,559.7% during the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock worth $38,784,000 after buying an additional 1,362,746 shares in the last quarter. FMR LLC bought a new stake in shares of PROS during the 2nd quarter worth about $13,853,000. Riverbridge Partners LLC raised its position in shares of PROS by 20.2% during the 3rd quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock worth $62,889,000 after buying an additional 437,522 shares in the last quarter. DF Dent & Co. Inc. raised its position in shares of PROS by 16.6% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock worth $65,219,000 after buying an additional 385,329 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of PROS by 10.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,664,246 shares of the software maker’s stock worth $40,158,000 after buying an additional 160,585 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

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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.

Analyst Recommendations for PROS (NYSE:PRO)

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