PROS (NYSE:PRO) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of (0.18-0.22) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.13). The company issued revenue guidance of $59-61 million, compared to the consensus revenue estimate of $63.37 million.PROS also updated its Q3 2020
After-Hours guidance to -0.22–0.18 EPS.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of PROS from a buy rating to a hold rating in a report on Tuesday, June 9th. Robert W. Baird raised their target price on shares of PROS from $45.00 to $48.00 and gave the company an outperform rating in a research note on Monday, June 8th. JPMorgan Chase & Co. downgraded shares of PROS from a neutral rating to an underweight rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday. ValuEngine raised shares of PROS from a hold rating to a buy rating in a research note on Friday, May 1st. Finally, KeyCorp lifted their price target on shares of PROS from $38.00 to $50.00 and gave the stock an overweight rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. PROS presently has a consensus rating of Buy and an average target price of $49.30.
Shares of NYSE PRO traded down $6.06 during midday trading on Friday, hitting $32.63. The company’s stock had a trading volume of 2,232,820 shares, compared to its average volume of 243,129. PROS has a 1-year low of $19.73 and a 1-year high of $75.39. The firm’s fifty day moving average price is $42.23 and its 200-day moving average price is $41.62. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $1.41 billion, a P/E ratio of -18.54 and a beta of 1.51.
In related news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 240,636 shares in the company, valued at approximately $9,625,440. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stefan B. Schulz sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $44.63, for a total transaction of $89,260.00. Insiders have sold a total of 8,664 shares of company stock worth $350,906 over the last 90 days. 10.20% of the stock is owned by insiders.
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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