DA Davidson Increases PROS (PRO) Price Target to $50.00

PROS (NYSE:PRO) had its target price lifted by stock analysts at DA Davidson to $50.00 in a report issued on Thursday, The Fly reports. The firm currently has a “neutral” rating on the software maker’s stock. DA Davidson’s price target would suggest a potential downside of 5.57% from the company’s previous close.

A number of other research firms have also commented on PRO. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $60.00 in a research note on Friday, April 26th. Royal Bank of Canada lifted their price objective on PROS to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Needham & Company LLC lifted their price objective on PROS from $50.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 26th. JMP Securities reiterated a “market perform” rating on shares of PROS in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. lifted their price objective on PROS from $42.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $52.20.

NYSE PRO opened at $52.95 on Thursday. PROS has a fifty-two week low of $28.18 and a fifty-two week high of $54.31. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -48.58 and a beta of 1.27.

PROS (NYSE:PRO) last posted its earnings results on Thursday, April 25th. The software maker reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. PROS had a negative return on equity of 188.83% and a negative net margin of 30.36%. The company had revenue of $56.10 million for the quarter, compared to analyst estimates of $54.66 million. During the same period last year, the company earned ($0.19) earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. Analysts anticipate that PROS will post -0.86 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY increased its stake in shares of PROS by 7.5% in the first quarter. Metropolitan Life Insurance Co NY now owns 10,023 shares of the software maker’s stock worth $423,000 after purchasing an additional 697 shares during the period. HighTower Advisors LLC increased its stake in shares of PROS by 18.7% in the first quarter. HighTower Advisors LLC now owns 7,913 shares of the software maker’s stock worth $326,000 after purchasing an additional 1,247 shares during the period. Oxford Asset Management LLP bought a new position in shares of PROS in the first quarter worth about $455,000. Hsbc Holdings PLC bought a new position in shares of PROS in the first quarter worth about $809,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of PROS by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 194,315 shares of the software maker’s stock worth $8,208,000 after purchasing an additional 7,934 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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