Recent Analysts’ Ratings Updates for Procore Technologies (PCOR)

Several brokerages have updated their recommendations and price targets on shares of Procore Technologies (NYSE: PCOR) in the last few weeks:

• 12/18/2024 – Procore Technologies had its price target raised by analysts at Stifel Nicolaus from $84.00 to $93.00. They now have a “buy” rating on the stock.
• 12/13/2024 – Procore Technologies had its price target raised by analysts at Mizuho from $65.00 to $75.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – Procore Technologies had its price target raised by analysts at Robert W. Baird from $87.00 to $96.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Procore Technologies had its price target raised by analysts at JPMorgan Chase & Co. from $85.00 to $92.00. They now have an “overweight” rating on the stock.
• 12/2/2024 – Procore Technologies had its price target raised by analysts at JMP Securities from $75.00 to $90.00. They now have a “market outperform” rating on the stock.
• 12/2/2024 – Procore Technologies is now covered by analysts at UBS Group AG. They set a “buy” rating and a $105.00 price target on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at Scotiabank from $70.00 to $85.00. They now have a “sector outperform” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at JPMorgan Chase & Co. from $75.00 to $85.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at KeyCorp from $68.00 to $85.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at Piper Sandler from $70.00 to $90.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at BMO Capital Markets from $71.00 to $85.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at DA Davidson from $60.00 to $70.00. They now have a “neutral” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at Barclays PLC from $66.00 to $78.00. They now have an “equal weight” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at TD Cowen from $70.00 to $82.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at Canaccord Genuity Group Inc. from $67.00 to $83.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at The Goldman Sachs Group, Inc. from $73.00 to $83.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Procore Technologies had its price target raised by analysts at Stifel Nicolaus from $70.00 to $84.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Procore Technologies had its price target raised by analysts at Jefferies Financial Group Inc. from $65.00 to $70.00. They now have a “hold” rating on the stock.
• 10/31/2024 – Procore Technologies had its price target raised by analysts at Piper Sandler from $63.00 to $70.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – Procore Technologies had its price target lowered by analysts at JMP Securities from $82.00 to $75.00. They now have a “market outperform” rating on the stock.
• 10/31/2024 – Procore Technologies had its price target raised by analysts at Barclays PLC from $64.00 to $66.00. They now have an “equal weight” rating on the stock.
• 10/29/2024 – Procore Technologies had its price target raised by analysts at Jefferies Financial Group Inc. from $60.00 to $65.00. They now have a “hold” rating on the stock.
• 10/28/2024 – Procore Technologies had its price target raised by analysts at TD Cowen from $65.00 to $70.00. They now have a “buy” rating on the stock.

Procore Technologies Trading Down 0.4 %

Procore Technologies stock opened at $75.48 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $86.67. The firm’s 50-day moving average is $72.18 and its 200-day moving average is $65.56. The company has a market cap of $11.22 billion, a P/E ratio of -150.96 and a beta of 0.82.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, equities analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $1,617,374.40. Following the completion of the transaction, the chief executive officer now owns 770,458 shares in the company, valued at approximately $54,979,882.88. This represents a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Connor Kevin J. O sold 33,332 shares of Procore Technologies stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total value of $2,730,890.76. Following the sale, the director now directly owns 1,282,648 shares in the company, valued at approximately $105,087,350.64. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 141,193 shares of company stock worth $10,364,826 in the last three months. 29.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Synovus Financial Corp raised its stake in shares of Procore Technologies by 24.3% during the third quarter. Synovus Financial Corp now owns 6,465 shares of the company’s stock valued at $399,000 after purchasing an additional 1,262 shares in the last quarter. Tidal Investments LLC raised its position in shares of Procore Technologies by 237.8% during the 3rd quarter. Tidal Investments LLC now owns 17,538 shares of the company’s stock worth $1,082,000 after buying an additional 12,346 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Procore Technologies in the 3rd quarter worth approximately $227,000. Coldstream Capital Management Inc. bought a new position in shares of Procore Technologies in the third quarter valued at approximately $235,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Procore Technologies by 10.9% in the third quarter. Geode Capital Management LLC now owns 1,716,432 shares of the company’s stock valued at $105,967,000 after acquiring an additional 168,769 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.