NASDAQ:PCOR

Procore Technologies - PCOR Stock Forecast, Price & News

$56.08

+0.73 (+1.32%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $54.42
▼
$56.44
50-Day Range: $49.02
▼
$65.42
52-Week Range: $40.00
▼
$105.29

Volume: 891,494 shs
Average Volume: 1.01 million shs
Market Capitalization: $7.60 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $77.92

Procore Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 38.9% Upside
$77.92 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.09
Based on 3 Articles This Week
Insider Trading: Selling Shares
$6.72 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.66) to ($1.65) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Business Services Sector

129th out of 331 stocks

Prepackaged Software Industry

83rd out of 225 stocks

4.4

Analyst's Opinion

Consensus Rating
Procore Technologies has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.92, Procore Technologies has a forecasted upside of 38.9% from its current price of $56.08.
Amount of Analyst Coverage
Procore Technologies has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for PCOR.

0.0

Dividend Strength

Dividend Yield
Procore Technologies does not currently pay a dividend.
Dividend Growth
Procore Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PCOR.

1.1

News and Social Media Coverage

News Sentiment
Procore Technologies has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Procore Technologies this week, compared to 1 article on an average week.
MarketBeat Follows
Only 2 people have added Procore Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Procore Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,715,839.00 in company stock.
Percentage Held by Insiders
40.00% of the stock of Procore Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
81.52% of the stock of Procore Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Procore Technologies are expected to grow in the coming year, from ($1.66) to ($1.65) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Procore Technologies is -27.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Procore Technologies is -27.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Procore Technologies has a P/B Ratio of 6.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Procore Technologies (NASDAQ:PCOR) Stock

Procore Technologies, Inc. provides 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 Management, 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. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.

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PCOR Stock News Headlines

September 26, 2022 | finance.yahoo.com

Procore Opens First MENA Office in Dubai to Reinforce Industry Commitment

September 26, 2022 | americanbankingnews.com

Moffett Nathanson Begins Coverage on Procore Technologies (NASDAQ:PCOR)

September 25, 2022 | reuters.com

Procore Technologies Inc

September 24, 2022 | finance.yahoo.com

Procore Technologies, Inc. (PCOR)

September 23, 2022 | nasdaq.com

RSI Alert: Procore Technologies (PCOR) Now Oversold

September 22, 2022 | seekingalpha.com

PCOR Procore Technologies, Inc.

September 20, 2022 | finance.yahoo.com

FMI’s State of Global Preconstruction Report Reveals Significant Upside from Investment in Effective and Digitized Preconstruction

September 16, 2022 | benzinga.com

Quickbase and Procore Partner to Help Fuel...

September 12, 2022 | finance.yahoo.com

Procore to Host Inaugural Investor Day on November 9, 2022

September 7, 2022 | apnews.com

Intelliwave Technologies Releases Enhanced SiteSense® Integrations with Procore® Financials and Field Productivity Modules

August 29, 2022 | finance.yahoo.com

Procore Announces Drew Brees, Fred Mills and Robin Roberts as Keynote Speakers at Groundbreak 2022

August 17, 2022 | benzinga.com

QuoteToMe Launches Procore Integration

August 17, 2022 | markets.businessinsider.com

9 Analysts Have This to Say About Procore Technologies

August 16, 2022 | finance.yahoo.com

Mattamy Homes Selects Procore as its Construction Management Platform to Support Aggressive Growth

August 15, 2022 | finance.yahoo.com

Procore Appoints Steve Davis as President of Product and Technology

August 10, 2022 | finance.yahoo.com

Mechanical Contractor Alex Leclerc Chooses Procore to Support Digital Transformation and Growth

August 6, 2022 | seekingalpha.com

Procore Technologies, Inc. (PCOR) CEO Tooey Courtemanche on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | finance.yahoo.com

Procore Technologies, Inc. (PCOR) Q2 2022 Earnings Call Transcript

August 3, 2022 | apnews.com

Procore Technologies: Q2 Earnings Snapshot

August 3, 2022 | finance.yahoo.com

Procore Technologies (PCOR) Reports Q2 Loss, Tops Revenue Estimates

July 26, 2022 | nasdaq.com

Investors in Procore Technologies (NYSE:PCOR) from a year ago are still down 52%, even after 5.0% gain this past week

July 19, 2022 | finance.yahoo.com

Procore Launches Workforce Management, a New End-to-End Solution for the Construction Industry

July 18, 2022 | finance.yahoo.com

Billionaire Daniel Sundheim’s D1 Capital Portfolio: Top 10 Stock Picks

July 12, 2022 | markets.businessinsider.com

What 8 Analyst Ratings Have To Say About Procore Technologies

July 12, 2022 | finance.yahoo.com

Procore Works with AWS to Bring Digital Twins to the Construction Industry

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PCOR Company Calendar

Last Earnings: 11/04/2021
Today: 10/06/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:PCOR
CUSIP: N/A
CIK: 1611052
Web: www.procore.com
Phone: 866-477-6267
Fax: N/A
Employees: 2,885
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $77.92
High Stock Price Forecast: $95.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +38.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-265,170,000.00
Net Margins: -36.48%
Pretax Margin: -46.54%
Return on Equity: -15.51%
Return on Assets: -10.91%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.71
Quick Ratio: 1.71

Sales & Book Value

Annual Sales: $514.82 million
Price / Sales: 14.77
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $9.01 per share
Price / Book: 6.22

Miscellaneous

Outstanding Shares: 135,560,000
Free Float: 81,338,000
Market Cap: $7.60 billion
Optionable: Not Optionable
Beta: 0.54

Key Executives

Mr. Craig F. Courtemanche Jr. (Age 54)
Founder, Chairman, CEO & Pres
Comp: $933.38k

Mr. Paul E. Lyandres (Age 31)
CFO & Treasurer
Comp: $655.66k

Mr. Dennis H. Lyandres (Age 36)
Chief Revenue Officer
Comp: $778.79k

Mr. William Fred Fleming Jr. (Age 38)
SVP, Corp. Controller & Principal Accounting Officer

Mr. Sam M. Crigman (Age 39)
Chief Technology Officer

Mr. Matthew Puljiz
VP of Investor Relations

Mr. Benjamin C. Singer Esq. (Age 45)
Chief Legal Officer & Corp. Sec.

Mr. Steven C. Zahm (Age 58)
Chief Culture Officer

Mr. Wyatt Jenkins
Sr. VP of Product

Ms. Sandra Benson
Head of Industry Transformation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PCOR Stock - Frequently Asked Questions

Should I buy or sell Procore Technologies stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PCOR shares.
View PCOR analyst ratings or view top-rated stocks.
What is Procore Technologies' stock price forecast for 2022?: 12 Wall Street analysts have issued 1-year price targets for Procore Technologies' stock. Their PCOR share price forecasts range from $65.00 to $95.00. On average, they expect the company's stock price to reach $77.92 in the next twelve months. This suggests a possible upside of 38.9% from the stock's current price.
View analysts price targets for PCOR or view top-rated stocks among Wall Street analysts.
How have PCOR shares performed in 2022?: Procore Technologies' stock was trading at $79.97 at the start of the year. Since then, PCOR stock has decreased by 29.9% and is now trading at $56.08.
View the best growth stocks for 2022 here.
When is Procore Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PCOR earnings forecast.
How were Procore Technologies' earnings last quarter?: Procore Technologies, Inc. (NASDAQ:PCOR) released its earnings results on Thursday, November, 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The business earned $131.99 million during the quarter, compared to analysts' expectations of $126.36 million. Procore Technologies had a negative trailing twelve-month return on equity of 15.51% and a negative net margin of 36.48%. Procore Technologies's revenue for the quarter was up 29.5% compared to the same quarter last year.
What guidance has Procore Technologies issued on next quarter's earnings?: Procore Technologies issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $174.00 million-$176.00 million, compared to the consensus revenue estimate of $170.96 million.

When did Procore Technologies IPO?: (PCOR) raised $594 million in an IPO on Thursday, May 20th 2021. The company issued 9,500,000 shares at a price of $60.00-$65.00 per share. Goldman Sachs, J.P. Morgan, Barclays and Jefferies served as the underwriters for the IPO and Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer, Piper Sandler, Stifel and William Blair were co-managers.
What is Procore Technologies' stock symbol?: Procore Technologies trades on the NASDAQ under the ticker symbol "PCOR."
How do I buy shares of Procore Technologies?: Shares of PCOR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Procore Technologies' stock price today?: One share of PCOR stock can currently be purchased for approximately $56.08.
How much money does Procore Technologies make?: Procore Technologies (NASDAQ:PCOR) has a market capitalization of $7.60 billion and generates $514.82 million in revenue each year. The company earns $-265,170,000.00 in net income (profit) each year or ($2.03) on an earnings per share basis.
How many employees does Procore Technologies have?: The company employs 2,885 workers across the globe.
How can I contact Procore Technologies?: The official website for the company is www.procore.com. The company can be reached via phone at 866-477-6267.

This page (NASDAQ:PCOR) was last updated on 10/6/2022 by MarketBeat.com Staff

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Procore Technologies - PCOR Stock Forecast, Price & News

Procore Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Procore Technologies (NASDAQ:PCOR) Stock

PCOR Stock News Headlines

PCOR Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PCOR Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™