Should I buy or sell Procore Technologies stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCOR shares. View PCOR analyst ratings or view top-rated stocks .

What is Procore Technologies' stock price target for 2024?

15 brokers have issued twelve-month target prices for Procore Technologies' stock. Their PCOR share price targets range from $55.00 to $95.00. On average, they expect the company's stock price to reach $81.86 in the next year. This suggests a possible upside of 14.1% 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 2024?

Procore Technologies' stock was trading at $69.22 on January 1st, 2024. Since then, PCOR shares have increased by 3.6% and is now trading at $71.72. View the best growth stocks for 2024 here .

Are investors shorting Procore Technologies?

Procore Technologies saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,790,000 shares, an increase of 22.2% from the March 15th total of 4,740,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 4.8 days. Approximately 4.5% of the shares of the company are sold short. View Procore Technologies' Short Interest .

When is Procore Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our PCOR earnings forecast .

How can I listen to Procore Technologies' earnings call?

Procore Technologies will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Procore Technologies' earnings last quarter?

Procore Technologies, Inc. (NYSE:PCOR) posted its earnings results on Thursday, February, 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $260.04 million for the quarter, compared to analysts' expectations of $248.20 million. Procore Technologies had a negative trailing twelve-month return on equity of 12.26% and a negative net margin of 19.97%.

What ETFs hold Procore Technologies' stock?

ETFs with the largest weight of Procore Technologies (NYSE:PCOR) stock in their portfolio include Global X PropTech ETF (PTEC) , Global X Cloud Computing ETF (CLOU) , Innovator IBD Breakout Opportunities ETF (BOUT) , Neuberger Berman Disrupters ETF (NBDS) , Renaissance IPO ETF (IPO) , Harbor Disruptive Innovation ETF (INNO) , WisdomTree Cloud Computing Fund (WCLD) and First Trust US Equity Opportunities ETF (FPX) .

What guidance has Procore Technologies issued on next quarter's earnings?

Procore Technologies updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

When did Procore Technologies IPO?

Procore Technologies (PCOR) raised $594 million in an initial public offering (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 acted as the underwriters for the IPO and Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer, Piper Sandler, Stifel and William Blair were co-managers.

Who are Procore Technologies' major shareholders?

Procore Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.53%), Rheos Capital Works Inc. (0.10%), Renaissance Capital LLC (0.04%), Northside Capital Management LLC (0.02%), Richelieu Gestion SA (0.02%) and Diversified Trust Co (0.01%). Insiders that own company stock include Benjamin C Singer , Bessemer Venture Partners Viii, Connor Kevin J O , Craig F Jr Courtemanche , Dennis Lyandres , Elisa Steele , Graham Smith , Howard Fu , Iconiq Strategic Partners Ii,, Iconiq Strategic Partners Vi,, Joy Driscoll Durling , Nanci Caldwell , Patricia L Wadors , Paul Lyandres , Sam Crigman , Steven Scott Davis , William Fred Fleming Jr, William Fred Fleming, Jr and William JG Griffith . View institutional ownership trends .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:PCOR

Procore Technologies (PCOR) Stock Price, News & Analysis

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Free PCOR Stock Alerts

$70.81

-0.91 (-1.27%)

(As of 10:33 AM ET)

Compare

Today's Range: $70.68
▼
$71.95
50-Day Range: $71.48
▼
$82.36
52-Week Range: $48.11
▼
$83.35

Volume: 170,945 shs
Average Volume: 1.19 million shs
Market Capitalization: $10.26 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $81.86

Get Procore Technologies alerts:

Procore Technologies MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 14.1% Upside
$81.86 Price Target
Short Interest: Bearish
4.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.23
Based on 6 Articles This Week
Insider Trading: Selling Shares
$36.59 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.64) to ($0.50) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.66 out of 5 stars

Business Services Sector

174th out of 306 stocks

Prepackaged Software Industry

126th out of 200 stocks

3.4

Analyst's Opinion

Consensus Rating
Procore Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 12 buy ratings, 3 hold ratings, and no sell ratings.
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.

2.0

Short Interest

Percentage of Shares Shorted
4.48% of the float of Procore Technologies has been sold short.
Short Interest Ratio / Days to Cover
Procore Technologies has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in Procore Technologies has recently increased by 22.15%, indicating that investor sentiment is decreasing significantly.

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.

2.4

News and Social Media Coverage

News Sentiment
Procore Technologies has a news sentiment score of 1.23. 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 higher news sentiment than the 0.51 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Procore Technologies this week, compared to 6 articles on an average week.
Search Interest
Only 7 people have searched for PCOR on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Procore Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $36,589,678.00 in company stock.
Percentage Held by Insiders
39.20% 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
81.10% 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 ($0.64) to ($0.50) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Procore Technologies is -53.92, 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 -53.92, 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 8.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Procore Technologies Stock (NYSE:PCOR)

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. The company also provides Workforce Management, that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; 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; and Construction Intelligence, that allows customers to capture, manage, and learn from data for project and portfolio reporting, analytics, and artificial intelligence-guided workflows, as well as to monitor projects and drive informed decision-making for business needs. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users 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.

PCOR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PCOR Stock News Headlines

April 5, 2024 | insidertrades.com

Procore Technologies, Inc. (NYSE:PCOR) Director Sells $494,403.30 in Stock

April 3, 2024 | insidertrades.com

Procore Technologies, Inc. (NYSE:PCOR) Insider Benjamin C. Singer Sells 3,000 Shares

April 19, 2024 | DTI (Ad)

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April 3, 2024 | insidertrades.com

Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) CEO Sells 68,000 Shares of Stock

March 27, 2024 | insidertrades.com

Procore Technologies, Inc. (NYSE:PCOR) CFO Sells $118,293.83 in Stock

April 18, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Procore Technologies on Revenue and Efficiency Upside Amidst Digital Transformation

April 15, 2024 | businesswire.com

Procore Announces Timing of First Quarter Fiscal Year 2024 Earnings Call

April 6, 2024 | investing.com

Procore Technologies director sells over $1.5m in company stock

April 19, 2024 | DTI (Ad)

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April 6, 2024 | seekingalpha.com

Procore Technologies: A Promising Founder-Led Company With Large Opportunity

April 5, 2024 | investing.com

Procore Technologies CEO sells over $5.5 million in company stock

April 5, 2024 | investing.com

Procore Technologies' chief legal officer sells $246,450 in stock

April 3, 2024 | finance.yahoo.com

Procore Technologies Inc (PCOR) Chief Legal Officer Sells Company Shares

March 30, 2024 | nasdaq.com

Guru Fundamental Report for PCOR

March 28, 2024 | msn.com

CCL, SPB, RARE, and VRSK are new additions to GS’ Long Duration Basket

March 27, 2024 | finance.yahoo.com

Procore Technologies Inc CFO & Treasurer Howard Fu Sells Company Shares

March 21, 2024 | finance.yahoo.com

How Procore's CEO Built A Billion-Dollar Construction Software Business

March 16, 2024 | ca.finance.yahoo.com

PCOR Jun 2024 90.000 put

March 16, 2024 | ca.finance.yahoo.com

PCOR Oct 2024 100.000 call

March 16, 2024 | ca.finance.yahoo.com

PCOR Dec 2024 30.000 put

March 16, 2024 | finance.yahoo.com

Procore Technologies Inc (PCOR) Insider Sells Shares

March 15, 2024 | finance.yahoo.com

Loss-Making Procore Technologies, Inc. (NYSE:PCOR) Expected To Breakeven In The Medium-Term

March 14, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: ACI Worldwide (ACIW) and Procore Technologies (PCOR)

March 14, 2024 | markets.businessinsider.com

Assessing Procore Technologies: Insights From 13 Financial Analysts

March 12, 2024 | finance.yahoo.com

Should You Add Procore Technologies (PCOR) for the Long Term?

March 9, 2024 | investorplace.com

3 Surefire Tech Stocks for Growth-Hungry Investors

February 28, 2024 | finance.yahoo.com

Autodesk (ADSK) Q4 Earnings Report Preview: What To Look For

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:PCOR
CUSIP: N/A
CIK: 1611052
Web: www.procore.com
Phone: 866-477-6267
Fax: N/A
Employees: 3,694
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $81.86
High Stock Price Target: $95.00
Low Stock Price Target: $55.00
Potential Upside/Downside: +14.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.33)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-189,690,000.00
Net Margins: -19.97%
Pretax Margin: -19.83%
Return on Equity: -12.26%
Return on Assets: -7.76%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.49
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: $950.01 million
Price / Sales: 10.94
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.05 per share
Price / Book: 8.91

Miscellaneous

Outstanding Shares: 144,920,000
Free Float: 88,110,000
Market Cap: $10.39 billion
Optionable: Optionable
Beta: 0.71

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Key Executives

Mr. Craig F. Courtemanche Jr. (Age 56)
Founder, Chairman, CEO & President
Comp: $1.08M
Mr. Steven S. Davis (Age 57)
President of Product & Technology
Comp: $522.48k
Mr. Benjamin C. Singer Esq. (Age 47)
Chief Legal Officer & Corporate Secretary
Comp: $633.26k
Mr. Paul E. Lyandres (Age 33)
President of Fintech
Comp: $783.38k
Ms. Joy Driscoll Durling (Age 47)
Chief Data Officer
Comp: $738.4k
Mr. Howard Fu (Age 50)
CFO & Treasurer
Mr. William Fred Fleming Jr. (Age 40)
SVP, Corporate Controller & Principal Accounting Officer
Mr. Matthew Puljiz
Vice President of Investor Relations
Mr. Bill Crawford
Senior Vice President of Global Sales
Ms. Sarah Hodges
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PCOR Stock Analysis - Frequently Asked Questions

Should I buy or sell Procore Technologies stock right now?: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCOR shares.
View PCOR analyst ratings or view top-rated stocks.
What is Procore Technologies' stock price target for 2024?: 15 brokers have issued twelve-month target prices for Procore Technologies' stock. Their PCOR share price targets range from $55.00 to $95.00. On average, they expect the company's stock price to reach $81.86 in the next year. This suggests a possible upside of 14.1% 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 2024?: Procore Technologies' stock was trading at $69.22 on January 1st, 2024. Since then, PCOR shares have increased by 3.6% and is now trading at $71.72.
View the best growth stocks for 2024 here.
Are investors shorting Procore Technologies?: Procore Technologies saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,790,000 shares, an increase of 22.2% from the March 15th total of 4,740,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 4.8 days. Approximately 4.5% of the shares of the company are sold short.
View Procore Technologies' Short Interest.
When is Procore Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PCOR earnings forecast.
How can I listen to Procore Technologies' earnings call?: Procore Technologies will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Procore Technologies' earnings last quarter?: Procore Technologies, Inc. (NYSE:PCOR) posted its earnings results on Thursday, February, 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $260.04 million for the quarter, compared to analysts' expectations of $248.20 million. Procore Technologies had a negative trailing twelve-month return on equity of 12.26% and a negative net margin of 19.97%.
What ETFs hold Procore Technologies' stock?: ETFs with the largest weight of Procore Technologies (NYSE:PCOR) stock in their portfolio include Global X PropTech ETF (PTEC), Global X Cloud Computing ETF (CLOU), Innovator IBD Breakout Opportunities ETF (BOUT), Neuberger Berman Disrupters ETF (NBDS), Renaissance IPO ETF (IPO), Harbor Disruptive Innovation ETF (INNO), WisdomTree Cloud Computing Fund (WCLD) and First Trust US Equity Opportunities ETF (FPX).
What guidance has Procore Technologies issued on next quarter's earnings?: Procore Technologies updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.
When did Procore Technologies IPO?: Procore Technologies (PCOR) raised $594 million in an initial public offering (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 acted as the underwriters for the IPO and Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer, Piper Sandler, Stifel and William Blair were co-managers.
Who are Procore Technologies' major shareholders?: Procore Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.53%), Rheos Capital Works Inc. (0.10%), Renaissance Capital LLC (0.04%), Northside Capital Management LLC (0.02%), Richelieu Gestion SA (0.02%) and Diversified Trust Co (0.01%). Insiders that own company stock include Benjamin C Singer, Bessemer Venture Partners Viii, Connor Kevin J O, Craig F Jr Courtemanche, Dennis Lyandres, Elisa Steele, Graham Smith, Howard Fu, Iconiq Strategic Partners Ii,, Iconiq Strategic Partners Vi,, Joy Driscoll Durling, Nanci Caldwell, Patricia L Wadors, Paul Lyandres, Sam Crigman, Steven Scott Davis, William Fred Fleming Jr, William Fred Fleming, Jr and William JG Griffith.
View institutional ownership trends.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PCOR) was last updated on 4/19/2024 by MarketBeat.com Staff

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Procore Technologies (PCOR) Stock Price, News & Analysis

Procore Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Procore Technologies Stock (NYSE:PCOR)

PCOR Stock Price History

PCOR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PCOR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™