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Pros Holdings

Pros Holdings Inc. is a provider of cloud-based revenue and profit realization software solutions to business-to-business and business-to-consumer companies. Its solutions assist customers in growing revenue, modernizing business processes, and supporting profitability by leveraging prescriptive analytics and data science-based decision-making technology. The company's solutions enable buyers to move fluidly across its customers' direct sales, partner, online, mobile, and emerging channels with personalized experiences. The firm generates revenue in the United States, Europe, Africa, Asia-Pacific, and Middle East regions.

Pros Holdings Inc

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Needham analyst Scott Berg reiterates Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Buy and maintains $40 price target.

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Needham Reiterates Buy on Pros Holdings, Maintains $40 Price Target

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Shares of software companies are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

B of A Securities analyst Victor Cheng maintains Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Buy and lowers the price target from $43 to $39.

B of A Securities Maintains Buy on Pros Holdings, Lowers Price Target to $39

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Shares of companies within the broader tech sector are trading lower amid concerns over the US economy.

Keybanc analyst Jason Celino maintains Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Overweight and lowers the price target from $43 to $36.

Keybanc Maintains Overweight on Pros Holdings, Lowers Price Target to $36

Craig-Hallum analyst Chad Bennett maintains Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Hold and lowers the price target from $32 to $31.

Craig-Hallum Maintains Hold on Pros Holdings, Lowers Price Target to $31

Baird analyst Rob Oliver maintains Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Outperform and lowers the price target from $45 to $35.

Baird Maintains Outperform on Pros Holdings, Lowers Price Target to $35

PROS shares are trading lower after the company reported Q2 financial results. Also, Oppenheimer and Stifel lowered their respective price targets on the stock.

Stifel analyst Parker Lane maintains Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Buy and lowers the price target from $40 to $32.

Stifel Maintains Buy on Pros Holdings, Lowers Price Target to $32

Oppenheimer analyst Brian Schwartz maintains Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) with a Outperform and lowers the price target from $42 to $31.

Oppenheimer Maintains Outperform on Pros Holdings, Lowers Price Target to $31

PROS Holdings Sees Q3 Adj. EPS $0.08-$0.10 vs $0.07 Est., Total Revenue $81.5M-$82.5M vs $85.13M Est.

Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.01 by 600 percent. This is a 800 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $82.013 million which beat the analyst consensus estimate of $81.384 million by 0.77 percent. This is a 8.21 percent increase over sales of $75.792 million the same period last year.

Earnings

Earnings Beats

Pros Holdings Q2 2024 Adj. EPS $0.07 Beats $0.01 Estimate, Sales $82.013M Beat $81.384M Estimate

Pros Holdings shares are trading lower after Craig-Hallum downgraded the stock from Buy to Hold and lowered the price target from $40 to $32.

Craig-Hallum analyst Chad Bennett downgrades Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) from Buy to Hold and lowers the price target from $40 to $32.

Downgrades

Craig-Hallum Downgrades Pros Holdings to Hold, Lowers Price Target to $32

Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.01 by 300 percent. This is a 166.67 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $80.688 million which beat the analyst consensus estimate of $79.813 million by 1.10 percent. This is a 10.26 percent increase over sales of $73.182 million the same period last year.

Pros Holdings Q1 2024 Adj EPS $0.04 Beats $0.01 Estimate, Sales $80.688M Beat $79.813M Estimate

An update from PROS Holdings (PRO) is now available. The Company has released its Q2 2024 Investor Presentation, available on their website's Inves...

PROS Holdings Q2 2024 Investor Presentation Released

PROS Holdings GAAP EPS of -$0.16 beats by $0.10, revenue of $82.01M beats by $0.62M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pros Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/pro-stock-quote/">PRO</a>) just reported results for the second quarter of 2024.<ul><li>Pros Holdings reported earnings per share of 7 cents. This was above the analyst estimate for EPS of 1 cent.</li><li>The company reported revenue of $82.01 million.</li><li>This was 0.78% better than the analyst estimate for revenue of $81.38 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/pro-stock-earnings-pros-holdings-for-q2-of-2024/">PRO Stock Earnings: Pros Holdings Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PRO Stock Earnings: Pros Holdings Beats EPS, Beats Revenue for Q2 2024

PROS Holdings, Inc. (PRO) Q2 2024 Earnings Call Transcript

Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on PROS Holdings (PRO – Research Report) today and set a price target of $31.00. The co...

PROS Holdings (PRO) Gets a Hold from Craig-Hallum

The technology industry is well-positioned for significant growth thanks to the growing demand for IT services and rapid technological penetration. Amid this backdrop, it could be wise to buy under $20 tech stocks, such as stocks TaskUs (TASK), PROS Holdings (PRO), and OneSpan (OSPN) with multibagger potential. Continue reading… Businesses heavily depend on software solutions to enhance operations, elevate customer experiences, gain data-driven insights, and protect their systems as they strive to adapt and stay competitive in the ever-changing digital landscape.
Thus, investors could consider adding fundamentally sound tech stocks TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>), PROS Holdings, Inc. (<a href="https://stocknews.com/stock/PRO/">PRO</a>), and OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>) to their portfolios, which are currently trading under $20.
The growing demand for IT services for management and implementation is fueled by the widespread adoption of cloud computing and its benefits, such as scalability, cost savings, and automatic updates.
Companies are actively seeking automation solutions to boost productivity and streamline processes. Therefore, the global IT services market is expected to grow at a <a href="https://www.precedenceresearch.com/it-services-market">CAGR of 7.1%</a> by 2034.
Moreover, in today's technologically advanced world, the global cybersecurity market is crucial in safeguarding businesses, organizations, and individuals against cyber threats and attacks. The global cybersecurity market is expected to grow at a <a href="https://www.datamintelligence.com/research-report/cyber-security-market">CAGR of 11.3%</a> by 2031.
As companies are actively seeking upgradation, tech spending is flying high. According to Gartner, global IT spending is expected to grow by 7.5% this year, while software spending is projected to <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">grow by 12.6%</a> in the same period.
Considering these factors, let's take a look at the fundamentals of the three tech stock picks.
TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>)
TASK provides digital outsourcing services for companies. It offers a digital customer experience that consists of omnichannel customer care services primarily delivered through non-voice digital channels and other solutions, including experience and customer care services for new product or market launches and customer acquisition solutions.
On June 3, 2024, TASK and AI-powered product support platform Mavenoid announced their strategic partnership. Together, TASK and Mavenoid would combine expertise in AI and personalized product support to optimize next-generation, personalized self-help product support solutions trusted by some of the world's leading consumer brands.
TASK's forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a> of 6.13x is 44.8% lower than the industry average of 11.12x. Its forward EV/EBIT multiple of 13.26 is 14.8% lower than the industry average of 15.56.
For the second quarter ended June 30, 2024, TASK reported service revenue at $237.94 million, up 3.8% year-over-year. Its adjusted EBITDA came in at $51.25 million. The company's adjusted net income stood at $28.64 million and $0.31 per share. In addition, as of June 30, 2024, the company's total assets stood at $886.15 million, compared to $864.20 million as of December 31, 2023.
Analysts expect TASK's revenue for the fourth quarter (ending December 2024) to increase 10% year-over-year to $256.73 million, while its EPS is expected to grow marginally year-over-year to $0.35. In addition, the company surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 34.5% to close the last trading session at $13.40.
TASK's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
TASK has an A grade for Growth and a B for Quality and Value. It is ranked #6 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry.
Beyond what is stated above, we've also rated TASK for Stability, Sentiment, and Momentum. Get all TASK ratings <a href="https://stocknews.com/stock/TASK/">here</a>.
PROS Holdings, Inc. (<a href="https://stocknews.com/stock/PRO/">PRO</a>)
PRO provides software solutions that optimize selling and shopping processes in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally.
PRO's forward Price/Sales of 2.71x is marginally lower than the industry average of 2.72x.
In the second quarter that ended June 30, 2024, PRO's total revenue increased 8% year-over-year to $82 million. Its gross profit grew 37.3% from the year-ago value to $53.19 million. Its non-GAAP net income and non-GAAP EPS were $3.25 million and $0.07 compared to non-GAAP net loss and non-GAAP loss per share of $309 thousand and $0.01, respectively.
Street expects PRO's revenue to increase 6.3% year-over-year to $82.09 million for the third quarter ending September 2024. The company's EPS for the same quarter is expected to be $0.09. Also, PRO surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock has gained marginally intraday to close the last trading session at $19.01.
PRO's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Growth. PRO is ranked #29 out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
<a href="https://stocknews.com/stock/PRO/">Click here</a> to access the additional PRO ratings (Momentum, Sentiment, Quality, Stability, and Value).
OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>)
OSPN designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, OneSpan Cloud Authentication, and OneSpan Identity Verification.
On June 11, 2024, OSPN announced the launch of the OneSpan Integration Platform. This platform enables organizations to effortlessly integrate eSignatures into well-known applications, ensuring that sending, signing, and storing transactions is seamless and more efficient. 
OSPN's trailing-12-month Price/Sales of 2.30x is 15.5% lower than the industry average of 2.72x. Its forward EV/Sales multiple of 2.08 is 23.3% lower than the industry average of 2.71.
OSPN's total revenue for the fiscal second quarter that ended June 30, 2024, amounted to $60.92 million, up 9.3% year-over-year. Its gross profit rose 17.6% from the prior-year quarter to $40.34 million. The company's non-GAAP net income stood at $11.98 million and $0.31 per share, respectively, compared to a non-GAAP net loss of $7.28 million and $0.18 per share in the year-ago quarter.
For the quarter ending September 30, 2024, OSPN's EPS is expected to increase 114.8% year-over-year to $0.19. Its revenue for the same quarter is expected to be $55.31 million. It surpassed consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past three months, the stock gained 29%, closing the last trading session at $15.48.
OSPN's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has a B grade for Value and Growth. OSPN is ranked #4 out of 23 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
In addition to the POWR Ratings highlighted above, one can access OSPN's ratings (Quality, Momentum, Stability, and Sentiment) <a href="https://stocknews.com/stock/OSPN/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TASK shares were trading at $14.04 per share on Wednesday morning, up $0.64 (+4.78%). Year-to-date, TASK has gained 7.42%, versus a 15.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/task-pro-ospn-3-tech-stocks-under-20-with-multibagger-potential/>3 Tech Stocks Under $20 With Multibagger Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $20 With Multibagger Potential

PROS Holdings (PRO) just unveiled an update. Jennifer Biry has been appointed as an independent director to the Board of PROS Holdings, Inc., effec...

PROS Holdings Welcomes Jennifer Biry to Board of Directors

Conestoga Capital Advisors Q2 2024 Commentary

Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on PROS Holdings (PRO – Research Report) today and set a price target of $32.00. The...

Stifel Nicolaus Reaffirms Their Buy Rating on PROS Holdings (PRO)

Scott Berg, an analyst from Needham, reiterated the Buy rating on PROS Holdings (PRO – Research Report). The associated price target remains the sa...

Optimistic Outlook for PROS Holdings Amidst Travel Sector Challenges: A Strong Buy Recommendation

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Press Releases

PROS Appoints Todd McNabb as Chief Revenue Officer

PROS Holdings, Inc. Reports First Quarter 2024 Financial Results

PROS Announces Investor Conference Schedule for May 2024

PROS Announces Investor Conference Schedule for June 2024

PROS Recognized as the Winner of 2024 Microsoft Global ISV Partner of the Year Award

PROS Holdings, Inc. Announces Date of Second Quarter 2024 Financial Results Release, Conference Call, and Webcast

PROS Holdings, Inc. Reports Second Quarter 2024 Financial Results

PROS Announces Investor Conference Schedule for August 2024

PROS Holdings, Inc. Announces Appointment of Jennifer Biry to Board of Directors

PROS Holdings, Inc. Announces Date of Third Quarter 2024 Financial Results Release, Conference Call, and Webcast

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