Shares of PROS Holdings, Inc. (NYSE:PRO) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.29.
Several research analysts have recently issued reports on PRO shares. Needham & Company LLC raised their target price on shares of PROS to $40.00 and gave the company a “strong-buy” rating in a research note on Monday, March 5th. ValuEngine upgraded shares of PROS from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded shares of PROS from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. JPMorgan Chase & Co. set a $38.00 price target on shares of PROS and gave the company a “buy” rating in a research report on Friday, April 27th. Finally, KeyCorp began coverage on shares of PROS in a research report on Tuesday, May 8th. They issued an “overweight” rating and a $40.00 price target on the stock.
Shares of NYSE PRO opened at $38.00 on Monday. The company has a debt-to-equity ratio of -4.24, a quick ratio of 1.85 and a current ratio of 1.85. PROS has a 1 year low of $21.36 and a 1 year high of $38.36.
In related news, CEO Andres Reiner sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $35.03, for a total value of $350,300.00. Following the sale, the chief executive officer now directly owns 475,399 shares in the company, valued at approximately $16,653,226.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.40% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. ETRADE Capital Management LLC acquired a new stake in PROS during the 1st quarter worth approximately $222,000. Teacher Retirement System of Texas acquired a new stake in PROS during the 4th quarter worth approximately $250,000. MetLife Investment Advisors LLC acquired a new stake in PROS during the 4th quarter worth approximately $287,000. Balter Liquid Alternatives LLC acquired a new stake in PROS during the 1st quarter worth approximately $334,000. Finally, Barclays PLC raised its holdings in PROS by 161.2% during the 1st quarter. Barclays PLC now owns 11,050 shares of the software maker’s stock worth $364,000 after buying an additional 6,819 shares during the period. Institutional investors and hedge funds own 99.95% of the company’s stock.
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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