PROS Holdings, Inc. (NYSE:PRO) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.24)-($0.23) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.20). The company issued revenue guidance of $40.5-$41.0 million, compared to the consensus revenue estimate of $41.63 million.
PROS Holdings, Inc. (NYSE PRO) traded down 8.30% on Friday, reaching $26.61. The company’s stock had a trading volume of 1,253,258 shares. The stock’s market capitalization is $836.46 million. PROS Holdings, Inc. has a 52 week low of $16.25 and a 52 week high of $30.49. The firm has a 50 day moving average price of $28.13 and a 200 day moving average price of $25.23.
PROS Holdings (NYSE:PRO) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.48 million. During the same period in the previous year, the company earned ($0.26) EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that PROS Holdings, Inc. will post ($0.88) EPS for the current year.
Several analysts have recently issued reports on PRO shares. Deutsche Bank AG boosted their price objective on shares of PROS Holdings to $35.00 and gave the company a buy rating in a research note on Wednesday, May 3rd. ValuEngine raised shares of PROS Holdings from a sell rating to a hold rating in a research report on Friday, June 2nd. Pacific Crest upped their price target on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an overweight rating in a research report on Thursday, June 29th. Stifel Nicolaus upped their price target on shares of PROS Holdings from $23.00 to $26.00 and gave the stock a buy rating in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research raised shares of PROS Holdings from a sell rating to a hold rating in a research report on Tuesday, April 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $31.20.
In related news, CEO Andres Reiner sold 28,175 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $29.48, for a total transaction of $830,599.00. Following the completion of the sale, the chief executive officer now directly owns 439,490 shares of the company’s stock, valued at approximately $12,956,165.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Rechan purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average cost of $25.54 per share, with a total value of $102,160.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 84,525 shares of company stock valued at $2,412,625. 18.90% of the stock is owned by corporate insiders.
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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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