PROS (NYSE:PRO) Issues Q3 Earnings Guidance

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.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, July 30th. The software maker reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.08. The business had revenue of $63.75 million during the quarter, compared to analyst estimates of $60.45 million. PROS had a negative net margin of 28.65% and a negative return on equity of 31.78%. As a group, research analysts predict that PROS will post -1.16 earnings per share for the current fiscal year.

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.

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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