PROS (NYSE:PRO) Hits New 12-Month Low – Time to Sell?

PROS Holdings, Inc. (NYSE:PRO)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $16.61 and last traded at $16.69, with a volume of 483618 shares. The stock had previously closed at $18.12.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PRO shares. Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Stifel Nicolaus raised their price objective on PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. KeyCorp upped their target price on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of PROS in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

PROS Price Performance

The firm has a fifty day simple moving average of $23.27 and a 200-day simple moving average of $22.07. The firm has a market cap of $793.96 million, a P/E ratio of -37.93 and a beta of 1.14.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). On average, equities analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the transaction, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of PROS

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS during the fourth quarter worth about $30,000. Ancora Advisors LLC purchased a new position in shares of PROS in the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC grew its holdings in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after acquiring an additional 926 shares in the last quarter. Comerica Bank increased its position in shares of PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Quarry LP lifted its holdings in PROS by 587.6% during the fourth quarter. Quarry LP now owns 5,803 shares of the software maker’s stock worth $127,000 after acquiring an additional 4,959 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.