PROS (PRO) Stock Rating Upgraded by Zacks Investment Research

PROS (NYSE:PRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $44.00 price objective on the software maker’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.70% 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 “

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Separately, Nomura reduced their price objective on PROS from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, October 26th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.25.

Shares of PROS stock opened at $40.11 on Thursday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -36.80 and a beta of 1.05. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63. PROS has a 12-month low of $28.18 and a 12-month high of $41.27.

PROS (NYSE:PRO) last announced its earnings results on Thursday, February 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.19. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $50.75 million. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.13) EPS. As a group, equities analysts predict that PROS will post -0.88 EPS for the current fiscal year.

In other news, EVP Thomas Dziersk sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $31.71, for a total value of $63,420.00. Following the completion of the sale, the executive vice president now directly owns 7,077 shares of the company’s stock, valued at $224,411.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of PRO. Bronfman E.L. Rothschild L.P. bought a new stake in shares of PROS in the fourth quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of PROS by 64.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,308 shares of the software maker’s stock valued at $72,000 after acquiring an additional 908 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of PROS in the third quarter valued at approximately $114,000. We Are One Seven LLC bought a new stake in shares of PROS in the fourth quarter valued at approximately $123,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of PROS by 102.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,256 shares of the software maker’s stock valued at $129,000 after acquiring an additional 2,156 shares during the period. 99.26% of the stock is owned by institutional investors.

PROS Company Profile

PROS Holdings, Inc provides AI-powered solutions that optimize selling in the digital economy. Its solutions enable companies to price, configure, and sell products and services in an omnichannel environment with speed, precision, and consistency. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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