PROS - ProSight Global Controls What It Can In Tough 2020
Quick Take
ProSight Global (PROS) went public in July 2019, raising $111 million in gross proceeds and selling shares at $14.00 each. The firm provides insurance coverage for specific industry verticals that it views as most addressable and profitable.
PROS management has done well to limit the COVID-19 pandemic’s downside from aspects of its business within its control.
While my bias on the stock is currently Neutral, I’m watchlisting PROS for a potential entry point in the second half of 2020.
Company
Morristown, New Jersey-based ProSight Global was founded in 2009 to provide