Northland Securities analyst Tim Klasell maintained a Buy rating on PROS Holdings (PRO) today and set a price target of $55. The company’s shares closed yesterday at $45.05, close to its 52-week high of $45.73.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 20.9% and a 73.7% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Zix Corporation, and Proofpoint Inc.
Currently, the analyst consensus on PROS Holdings is a Moderate Buy with an average price target of $43.50, which is a -3.4% downside from current levels. In a report issued on April 23, RBC Capital also maintained a Buy rating on the stock with a $48 price target.
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Based on PROS Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $12.76 million. In comparison, last year the company had a GAAP net loss of $18.86 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRO in relation to earlier this year.
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PROS Holdings, Inc. engages in the provision of cloud software services. Its solutions include selling, pricing, and revenue management. The firm also offers professional services to implement its software solutions. The company was founded by Mariette M. Woestemeyer and Ronald F. Woestemeyer in 1985 and is headquartered in Houston, TX.
