PROS (PRO) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of PROS (NYSE:PRO) from a hold rating to a sell rating in a research note issued to investors on Thursday.

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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Other equities research analysts have also issued reports about the stock. JPMorgan Chase set a $38.00 price objective on shares of PROS and gave the stock a buy rating in a report on Friday, April 27th. ValuEngine upgraded shares of PROS from a hold rating to a buy rating in a report on Monday, April 2nd. DA Davidson started coverage on shares of PROS in a report on Friday, February 2nd. They issued a neutral rating and a $28.00 price objective for the company. Finally, Needham & Company LLC boosted their price objective on shares of PROS to $40.00 and gave the stock a strong-buy rating in a report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $32.33.

PROS stock traded up $1.88 during mid-day trading on Thursday, hitting $32.58. 378,783 shares of the company traded hands, compared to its average volume of 244,377. PROS has a one year low of $21.36 and a one year high of $34.91. The company has a current ratio of 1.85, a quick ratio of 1.98 and a debt-to-equity ratio of -4.24.

PROS (NYSE:PRO) last announced its earnings results on Thursday, April 26th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. The company had revenue of $47.91 million for the quarter, compared to the consensus estimate of $46.06 million. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. equities research analysts expect that PROS will post -1.32 EPS for the current year.

In related news, CEO Andres Reiner sold 20,000 shares of PROS stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $30.78, for a total value of $615,600.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mariette M. Woestemeyer sold 250,000 shares of PROS stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.00, for a total transaction of $7,750,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,000 shares of company stock worth $17,113,250. 15.40% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas purchased a new stake in PROS in the 4th quarter worth approximately $250,000. Balter Liquid Alternatives LLC purchased a new stake in PROS in the first quarter worth $334,000. MetLife Investment Advisors LLC purchased a new stake in PROS in the fourth quarter worth $287,000. GSA Capital Partners LLP purchased a new stake in PROS in the third quarter worth $303,000. Finally, Wells Fargo & Company MN increased its stake in PROS by 55.1% in the third quarter. Wells Fargo & Company MN now owns 30,857 shares of the software maker’s stock worth $745,000 after purchasing an additional 10,967 shares during the period. 98.17% of the stock is currently owned by institutional investors and hedge funds.

About PROS

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. 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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