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.
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.
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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