PROS (NYSE:PRO) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of PROS (NYSE:PRO) in a report released on Friday morning,Benzinga reports. The brokerage currently has a $30.00 price objective on the software maker’s stock.

PRO has been the subject of a number of other research reports. Northland Securities reissued an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. KeyCorp decreased their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Wednesday, October 30th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Finally, Robert W. Baird increased their price target on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.00.

PROS Stock Performance

Shares of PROS stock opened at $27.37 on Friday. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $38.71. The business has a fifty day simple moving average of $23.30 and a 200-day simple moving average of $21.28.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). Sell-side analysts forecast that PROS will post -0.17 EPS for the current year.

Hedge Funds Weigh In On PROS

Institutional investors have recently modified their holdings of the stock. RGM Capital LLC increased its stake in shares of PROS by 1.7% in the 3rd quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock valued at $56,091,000 after buying an additional 50,000 shares during the period. Rockefeller Capital Management L.P. grew its holdings in PROS by 2.4% during the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock valued at $32,008,000 after purchasing an additional 39,846 shares during the period. State Street Corp increased its position in shares of PROS by 2.9% in the 3rd quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after buying an additional 33,176 shares in the last quarter. Tensile Capital Management LP raised its position in shares of PROS by 373.4% during the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after purchasing an additional 915,990 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in PROS in the third quarter valued at approximately $17,921,000. 94.27% of the stock is owned by institutional investors.

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.