PROS (NYSE:PRO) Posts Earnings Results, Beats Expectations By $0.03 EPS

PROS (NYSE:PRO) announced its earnings results on Tuesday. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03, Briefing.com reports. The business had revenue of $80.69 million during the quarter, compared to the consensus estimate of $79.84 million. PROS’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.28) earnings per share. PROS updated its Q2 guidance to $0.00 to $0.02 EPS.

PROS Trading Down 0.3 %

Shares of PRO stock traded down $0.08 during trading hours on Friday, reaching $30.68. 9,353 shares of the company’s stock were exchanged, compared to its average volume of 305,456. The stock’s 50 day moving average is $34.93 and its 200-day moving average is $35.66. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -25.21 and a beta of 1.18. PROS has a fifty-two week low of $24.61 and a fifty-two week high of $40.99.

Wall Street Analyst Weigh In

PRO has been the subject of several research reports. KeyCorp raised PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 target price for the company in a research report on Friday, January 12th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Wednesday.

Insider Transactions at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.92, for a total value of $215,520.00. Following the transaction, the chief financial officer now directly owns 260,223 shares of the company’s stock, valued at approximately $9,347,210.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.