Needham Releases a Buy Rating on PROS Holdings (PRO)
In a report released today, Scott Berg from Needham assigned a Buy rating to PROS Holdings (PRO), with a price target of $45.00. The company’s shares closed last Thursday at $38.69.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 23.2% and a 70.2% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and Tyler Technologies.
PROS Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $50.67, which is a 28.4% upside from current levels. In a report issued on July 28, RBC Capital also maintained a Buy rating on the stock with a $50.00 price target.
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The company has a one-year high of $75.40 and a one-year low of $19.73. Currently, PROS Holdings has an average volume of 353.8K.
Based on the recent corporate insider activity of 51 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.