PROS (NYSE:PRO – Get Free Report) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.00 to $0.02 for the period, compared to the consensus earnings per share estimate of $0.03. The company issued revenue guidance of $80.5 million to $81.5 million, compared to the consensus revenue estimate of $82.95 million.
Analysts Set New Price Targets
A number of research firms recently commented on PRO. KeyCorp upgraded PROS from a sector weight rating to an overweight rating and set a $43.00 price objective for the company in a research report on Friday, January 12th. Needham & Company LLC reiterated a buy rating and set a $40.00 price objective on shares of PROS in a research report on Monday, March 4th.
Check Out Our Latest Research Report on PROS
PROS Stock Up 0.2 %
PROS (NYSE:PRO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $80.69 million for the quarter, compared to the consensus estimate of $79.84 million. PROS’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) earnings per share. On average, equities analysts predict that PROS will post -0.54 EPS for the current fiscal year.
Insider Activity
In other news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 260,223 shares in the company, valued at $9,347,210.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.70% of the company’s stock.
PROS Company Profile
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.
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