Royal Bank of Canada Begins Coverage on PROS (PRO)

Royal Bank of Canada started coverage on shares of PROS (NYSE:PRO) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage issued an outperform rating and a $38.00 target price on the software maker’s stock.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC boosted their target price on PROS to $46.00 and gave the stock a strong-buy rating in a research note on Friday, July 27th. KeyCorp restated a buy rating and set a $45.00 target price on shares of PROS in a research note on Friday, July 27th. Northland Securities restated a buy rating and set a $45.00 target price on shares of PROS in a research note on Friday, July 27th. JPMorgan Chase & Co. boosted their target price on PROS from $38.00 to $45.00 and gave the stock an overweight rating in a research note on Friday, July 27th. Finally, ValuEngine upgraded PROS from a buy rating to a strong-buy rating in a research note on Wednesday, July 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $39.63.

PRO stock opened at $30.98 on Tuesday. PROS has a one year low of $21.36 and a one year high of $41.10. The firm has a market capitalization of $1.03 billion, a PE ratio of -20.25 and a beta of 1.25. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of -3.19.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.04. The company had revenue of $47.40 million for the quarter, compared to analyst estimates of $46.30 million. During the same period in the prior year, the firm posted ($0.22) earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts predict that PROS will post -1.35 EPS for the current year.

In other PROS news, CEO Andres Reiner sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $39.03, for a total value of $390,300.00. Following the completion of the sale, the chief executive officer now owns 445,399 shares in the company, valued at $17,383,922.97. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders sold 30,000 shares of company stock valued at $1,088,600. 15.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PRO. Teacher Retirement System of Texas acquired a new position in shares of PROS in the second quarter valued at approximately $203,000. Xact Kapitalforvaltning AB acquired a new position in shares of PROS in the second quarter valued at approximately $205,000. Cubist Systematic Strategies LLC acquired a new position in shares of PROS in the second quarter valued at approximately $278,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of PROS by 18.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,038 shares of the software maker’s stock valued at $331,000 after purchasing an additional 1,392 shares during the period. Finally, Barclays PLC increased its holdings in shares of PROS by 161.2% in the first quarter. Barclays PLC now owns 11,050 shares of the software maker’s stock valued at $364,000 after purchasing an additional 6,819 shares during the period.

PROS Company Profile

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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Analyst Recommendations for PROS (NYSE:PRO)

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