UBS Group Issues Pessimistic Forecast for Procore Technologies (NYSE:PCOR) Stock Price

Key Points

• UBS Group cut its price objective on Procore from $74 to $68 but kept a "buy" rating; the new target implies about 28% upside from current levels and the stock's consensus remains a Moderate Buy with an average target of $72.88.
• Procore reported Q1 revenue of $359.3M (up 15.7% YoY) beating estimates, but EPS of $0.34 missed by $0.02 and Q2 guidance was slightly below consensus, producing mixed investor reaction and the stock trading around $53.09.
• Insiders sold 148,026 shares (roughly $7.8M) last quarter — including notable sales by a director and the chairman — though insiders still hold 16.8% of the company.

Procore Technologies (NYSE:PCOR - Get Free Report) had its price objective reduced by analysts at UBS Group from $74.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 28.07% from the stock's current price.

PCOR has been the topic of a number of other research reports. DA Davidson lowered their price objective on shares of Procore Technologies from $75.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, February 13th. BMO Capital Markets lowered their price objective on shares of Procore Technologies from $87.00 to $67.00 and set an "outperform" rating on the stock in a research note on Thursday, February 5th. Canaccord Genuity Group decreased their price target on shares of Procore Technologies from $90.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Zacks Research upgraded shares of Procore Technologies from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 18th. Finally, BTIG Research restated a "buy" rating and issued a $66.00 price target on shares of Procore Technologies in a research report on Wednesday. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.88.

Procore Technologies Stock Performance

NYSE PCOR traded down $1.60 during trading hours on Wednesday, reaching $53.09. The company's stock had a trading volume of 4,929,597 shares, compared to its average volume of 2,519,195. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $55.64 and a 200 day simple moving average of $64.41. Procore Technologies has a 52 week low of $46.08 and a 52 week high of $82.32. The stock has a market cap of $8.01 billion, a PE ratio of -79.24 and a beta of 0.78.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $359.28 million for the quarter, compared to the consensus estimate of $352.82 million. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 3.96%. The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. Equities research analysts predict that Procore Technologies will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Procore Technologies news, Director Connor Kevin J. O sold 9,615 shares of the business's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $54.48, for a total transaction of $523,825.20. Following the completion of the transaction, the director owned 1,012,136 shares of the company's stock, valued at $55,141,169.28. The trade was a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the business's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $47.64, for a total transaction of $2,673,652.08. Following the transaction, the chairman owned 927,580 shares in the company, valued at approximately $44,189,911.20. The trade was a 5.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,026 shares of company stock valued at $7,783,734 in the last quarter. Insiders own 16.80% of the company's stock.

Institutional Trading of Procore Technologies

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in Procore Technologies by 23.6% during the third quarter. Versant Capital Management Inc now owns 938 shares of the company's stock worth $68,000 after buying an additional 179 shares during the last quarter. Argos Wealth Advisors LLC grew its stake in Procore Technologies by 3.9% during the first quarter. Argos Wealth Advisors LLC now owns 5,154 shares of the company's stock worth $294,000 after buying an additional 195 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Procore Technologies by 70.8% during the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company's stock worth $35,000 after buying an additional 199 shares during the last quarter. Intellectus Partners LLC grew its stake in Procore Technologies by 1.6% during the third quarter. Intellectus Partners LLC now owns 12,505 shares of the company's stock worth $912,000 after buying an additional 200 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Procore Technologies by 1.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company's stock worth $1,068,000 after buying an additional 202 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Key Headlines Impacting Procore Technologies

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Company reported revenue of $359.3M (up 15.7% YoY) and said Q1 performance exceeded the high end of guidance, enabling management to raise its full‑year outlook — a key reason for investor confidence. Read More.
• Positive Sentiment: Analyst support remains constructive: BTIG reaffirmed a "buy" and $66 price target, while Piper Sandler kept an "overweight" rating despite trimming its target to $71 — both imply upside from current levels and can help stabilize the stock. Read More. Read More.
• Positive Sentiment: Market reaction included an earlier intraday rally after reports of narrower losses and appointment of an AI-focused board member, signaling investor enthusiasm around Procore’s AI strategy and margin progress. Read More.
• Neutral Sentiment: Revenue details: Q1 revenue beat consensus ($359.3M vs ~$352.8M), showing steady top‑line growth — supports longer‑term SaaS story but doesn’t fully remove near‑term margin/earnings questions. Read More.
• Negative Sentiment: Earnings per share missed estimates: reported $0.34 vs. consensus $0.36, a small miss that investors penalized given the high expectations for margin improvement. Read More. Read More.
• Negative Sentiment: Near‑term guidance is mixed: Q2 revenue was guided to roughly $364–$366M, slightly below the consensus midpoint, and EPS guidance details were light — this soft near‑term outlook is weighing on the shares. Read More.

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.