Wall Street brokerages predict that PROS Holdings, Inc. (NYSE:PRO) will post $41.17 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for PROS Holdings’ earnings, with the lowest sales estimate coming in at $40.75 million and the highest estimate coming in at $42.40 million. PROS Holdings posted sales of $38.38 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that PROS Holdings will report full year sales of $41.17 million for the current year, with estimates ranging from $166.79 million to $167.16 million. For the next fiscal year, analysts expect that the company will report sales of $188.60 million per share, with estimates ranging from $181.10 million to $195.84 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow PROS Holdings.
PROS Holdings (NYSE:PRO) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The business had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $39.48 million. During the same quarter in the previous year, the business posted ($0.26) earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year.
A number of brokerages have issued reports on PRO. Pacific Crest raised their target price on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, June 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $28.00 target price on shares of PROS Holdings in a research note on Sunday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $31.60.
In related news, Director Ronald F. Woestemeyer sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.67, for a total value of $807,777.25. Following the sale, the chief executive officer now directly owns 423,140 shares of the company’s stock, valued at $12,131,423.80. The disclosure for this sale can be found here. Insiders sold a total of 86,350 shares of company stock valued at $2,296,808 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.
Several large investors have recently modified their holdings of PRO. Daruma Capital Management LLC increased its position in shares of PROS Holdings by 2,559.7% during the 2nd quarter. Daruma Capital Management LLC now owns 1,415,984 shares of the software maker’s stock worth $38,784,000 after purchasing an additional 1,362,746 shares during the last quarter. FMR LLC acquired a new stake in shares of PROS Holdings during the 2nd quarter worth about $13,853,000. Driehaus Capital Management LLC acquired a new stake in shares of PROS Holdings during the 1st quarter worth about $5,103,000. Vanguard Group Inc. increased its position in shares of PROS Holdings by 10.5% during the 1st quarter. Vanguard Group Inc. now owns 1,203,757 shares of the software maker’s stock worth $29,119,000 after purchasing an additional 114,641 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of PROS Holdings during the 2nd quarter worth about $2,804,000. 91.59% of the stock is owned by hedge funds and other institutional investors.
PROS Holdings (NYSE:PRO) traded down 1.64% on Friday, reaching $25.18. 64,830 shares of the company’s stock were exchanged. The firm’s market cap is $800.42 million. The firm has a 50 day moving average price of $24.74 and a 200 day moving average price of $26.22. PROS Holdings has a one year low of $20.34 and a one year high of $30.49.
PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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