PROS (PRO) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of PROS (NYSE:PRO) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. They currently have $50.00 price target on the software maker’s stock, up from their prior price target of $46.00.

Several other research firms also recently commented on PRO. JMP Securities reissued a market perform rating on shares of PROS in a research report on Friday, May 10th. Nomura upped their price objective on shares of PROS from $45.00 to $55.00 and gave the stock a buy rating in a report on Friday, April 26th. Craig Hallum raised shares of PROS from a hold rating to a buy rating and upped their price objective for the stock from $36.00 to $60.00 in a report on Friday, April 26th. Needham & Company LLC upped their price objective on shares of PROS from $50.00 to $60.00 and gave the stock a strong-buy rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of PROS from $42.00 to $55.00 and gave the stock an overweight rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. PROS currently has an average rating of Buy and a consensus target price of $52.20.

PRO stock opened at $52.95 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -48.58 and a beta of 1.27. PROS has a 12 month low of $28.18 and a 12 month high of $54.31.

PROS (NYSE:PRO) last posted its earnings results on Thursday, April 25th. The software maker reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The company had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.66 million. PROS had a negative net margin of 30.36% and a negative return on equity of 188.83%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. On average, equities research analysts predict that PROS will post -0.86 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BB&T Corp raised its stake in PROS by 11.0% during the 4th quarter. BB&T Corp now owns 9,613 shares of the software maker’s stock valued at $302,000 after purchasing an additional 950 shares during the last quarter. Comerica Bank raised its stake in PROS by 41.4% during the 4th quarter. Comerica Bank now owns 58,555 shares of the software maker’s stock valued at $1,987,000 after purchasing an additional 17,152 shares during the last quarter. Teachers Advisors LLC raised its stake in PROS by 5.0% during the 3rd quarter. Teachers Advisors LLC now owns 61,473 shares of the software maker’s stock valued at $2,153,000 after purchasing an additional 2,919 shares during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in PROS during the 4th quarter valued at $26,000. Finally, Rhumbline Advisers raised its stake in PROS by 57.4% during the 4th quarter. Rhumbline Advisers now owns 41,806 shares of the software maker’s stock valued at $1,313,000 after purchasing an additional 15,252 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

PROS Company Profile

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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Analyst Recommendations for PROS (NYSE:PRO)

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