PROS (NYSE:PRO) announced its quarterly earnings data on Thursday. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.01, Morningstar.com reports. The firm had revenue of $63.88 million during the quarter, compared to the consensus estimate of $61.41 million. PROS had a negative return on equity of 71.49% and a negative net margin of 28.41%. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.16) EPS.

PROS stock traded up $6.08 during mid-day trading on Friday, hitting $73.49. The company’s stock had a trading volume of 634,461 shares, compared to its average volume of 372,477. The stock’s 50 day moving average is $64.74. The firm has a market cap of $2.55 billion, a P/E ratio of -67.42 and a beta of 1.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.62. PROS has a 52-week low of $28.18 and a 52-week high of $74.73.

A number of institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA increased its position in PROS by 17.9% in the 1st quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock worth $140,254,000 after purchasing an additional 504,500 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in PROS by 0.7% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,369,911 shares of the software maker’s stock worth $100,105,000 after purchasing an additional 15,525 shares during the last quarter. BlackRock Inc. increased its position in PROS by 4.5% in the 4th quarter. BlackRock Inc. now owns 2,321,872 shares of the software maker’s stock worth $72,907,000 after purchasing an additional 99,267 shares during the last quarter. SQN Investors LP increased its position in PROS by 18.5% in the 1st quarter. SQN Investors LP now owns 616,844 shares of the software maker’s stock worth $26,055,000 after purchasing an additional 96,249 shares during the last quarter. Finally, Northern Trust Corp increased its position in PROS by 0.5% in the 4th quarter. Northern Trust Corp now owns 560,646 shares of the software maker’s stock worth $17,605,000 after purchasing an additional 2,935 shares during the last quarter.

Several brokerages recently issued reports on PRO. DA Davidson downgraded Avon Products from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $4.75 to $3.60 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. increased their price objective on PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday. JMP Securities reduced their price objective on Nevro from $80.00 to $70.00 and set a “market outperform” rating for the company in a research note on Friday, May 10th. Stifel Nicolaus increased their price objective on Starbucks from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Bank of America increased their price objective on Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.27.

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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Earnings History for PROS (NYSE:PRO)

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