Research Analysts Offer Predictions for PCOR FY2025 Earnings

Procore Technologies, Inc. (NYSE:PCOR - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Procore Technologies in a report issued on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the company will earn ($0.11) per share for the year, down from their prior estimate of ($0.08). DA Davidson has a "Neutral" rating and a $60.00 price objective on the stock. The consensus estimate for Procore Technologies' current full-year earnings is ($0.15) per share. DA Davidson also issued estimates for Procore Technologies' FY2026 earnings at ($0.03) EPS.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%.

A number of other research analysts also recently issued reports on the company. Mizuho decreased their price objective on Procore Technologies from $75.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group dropped their price target on Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. JMP Securities lifted their price target on Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, February 18th. Barclays cut their price target on shares of Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Macquarie cut their price objective on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $85.76.

Procore Technologies Stock Up 2.1 %

Shares of NYSE:PCOR traded up $1.16 during midday trading on Thursday, reaching $57.42. 406,127 shares of the company were exchanged, compared to its average volume of 1,726,293. The stock has a fifty day simple moving average of $69.63 and a two-hundred day simple moving average of $72.28. The firm has a market cap of $8.61 billion, a PE ratio of -79.76 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies has a fifty-two week low of $49.46 and a fifty-two week high of $88.92.

Insiders Place Their Bets

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now directly owns 200 shares of the company's stock, valued at $17,480. This represents a 84.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Fu sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total transaction of $696,000.00. Following the sale, the chief financial officer now owns 156,188 shares in the company, valued at $13,588,356. The trade was a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,482 shares of company stock valued at $4,952,759. Insiders own 29.00% of the company's stock.

Institutional Investors Weigh In On Procore Technologies

Large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in Procore Technologies by 49.1% in the 3rd quarter. Barclays PLC now owns 69,012 shares of the company's stock worth $4,259,000 after buying an additional 22,734 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Procore Technologies in the third quarter worth about $250,000. Geode Capital Management LLC boosted its stake in shares of Procore Technologies by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,716,432 shares of the company's stock valued at $105,967,000 after purchasing an additional 168,769 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Procore Technologies in the third quarter valued at about $227,000. Finally, Tidal Investments LLC boosted its holdings in shares of Procore Technologies by 237.8% during the third quarter. Tidal Investments LLC now owns 17,538 shares of the company's stock worth $1,082,000 after purchasing an additional 12,346 shares during the period. Institutional investors own 81.10% of the company's stock.

Procore Technologies Company Profile

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.