PROS Holdings, Inc. (PRO) Raised to Buy at Zacks Investment Research

PROS Holdings, Inc. (NYSE:PRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $25.00 target price on the software maker’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.67% 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 “

Several other research firms also recently commented on PRO. Needham & Company LLC reissued a “buy” rating and issued a $35.00 target price on shares of PROS Holdings in a research report on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and issued a $28.00 target price on shares of PROS Holdings in a research report on Sunday, October 8th. Finally, ValuEngine cut PROS Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. PROS Holdings presently has an average rating of “Buy” and an average target price of $31.33.

PROS Holdings (NYSE:PRO) last issued its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 48.93%. The firm had revenue of $41.94 million during the quarter, compared to the consensus estimate of $41.07 million. During the same period last year, the company earned ($0.19) earnings per share. The company’s revenue was up 9.3% on a year-over-year basis.

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In related news, CEO Andres Reiner sold 8,175 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $26.12, for a total value of $213,531.00. Following the transaction, the chief executive officer now directly owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald F. Woestemeyer sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Riverbridge Partners LLC increased its position in shares of PROS Holdings by 20.2% during the 3rd quarter. Riverbridge Partners LLC now owns 2,606,271 shares of the software maker’s stock valued at $62,889,000 after purchasing an additional 437,522 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of PROS Holdings by 10.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,664,246 shares of the software maker’s stock valued at $40,158,000 after purchasing an additional 160,585 shares during the last quarter. Daruma Capital Management LLC increased its position in shares of PROS Holdings by 2,559.7% during the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock valued at $38,784,000 after purchasing an additional 1,362,746 shares during the last quarter. Vanguard Group Inc. increased its position in shares of PROS Holdings by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,247,134 shares of the software maker’s stock valued at $34,158,000 after purchasing an additional 43,377 shares during the last quarter. Finally, Rockefeller Financial Services Inc. increased its position in shares of PROS Holdings by 2.2% during the 2nd quarter. Rockefeller Financial Services Inc. now owns 864,312 shares of the software maker’s stock valued at $23,674,000 after purchasing an additional 18,607 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

About PROS Holdings

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.

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