NYSE:PCOR

Procore Technologies (PCOR) Stock Forecast, Price & News

$64.15

+0.13 (+0.20%)

(As of 09:57 AM ET)

Compare

Today's Range: $64.15
▼
$65.21
50-Day Range: $61.56
▼
$75.85
52-Week Range: $41.80
▼
$76.86

Volume: 14,485 shs
Average Volume: 1.03 million shs
Market Capitalization: $9.13 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $79.14

Procore Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.92 Rating Score
Upside/Downside: 23.6% Upside
$79.14 Price Target
Short Interest: Bearish
4.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.63
Based on 11 Articles This Week
Insider Trading: Selling Shares
$19.78 M Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($1.37) to ($1.38) Per Share

Overall MarketRank^™

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

2.06 out of 5 stars

Business Services Sector

184th out of 309 stocks

Prepackaged Software Industry

127th out of 203 stocks

3.5

Analyst's Opinion

Consensus Rating
Procore Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $79.14, Procore Technologies has a forecasted upside of 23.6% from its current price of $64.03.
Amount of Analyst Coverage
Procore Technologies has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.40% 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 5.4.
Change versus previous month
Short interest in Procore Technologies has recently increased by 2.85%, indicating that investor sentiment is decreasing.

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.

2.0

News and Social Media Coverage

News Sentiment
Procore Technologies has a news sentiment score of 0.63. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Procore Technologies this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 5 people have added Procore Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% 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 $19,779,133.00 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.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Procore Technologies are expected to decrease in the coming year, from ($1.37) to ($1.38) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Procore Technologies is -34.61, 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 -34.61, 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 7.91. 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 (NYSE: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 workforce 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 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 Price History

30 days | 90 days | 365 days | Advanced Chart

PCOR Stock News Headlines

October 4, 2023 | americanbankingnews.com

Head to Head Analysis: Freshworks (NASDAQ:FRSH) vs. Procore Technologies (NYSE:PCOR)

October 1, 2023 | americanbankingnews.com

Connor Kevin J. O Sells 5,128 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

October 4, 2023 | Edge On The Street (Ad)

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September 29, 2023 | seekingalpha.com

Procore Technologies Sees Pockets Of Caution And Operating Losses Remain High

September 27, 2023 | theglobeandmail.com

Spotting Winners: Adobe (NASDAQ:ADBE) And Design Software Stocks In Q2

September 26, 2023 | finance.yahoo.com

78 Percent of Civil Contractors Expect Project Backlog to Increase or Remain the Same as Infrastructure Funding Kicks in, New Study by AGC and Procore Finds

September 24, 2023 | americanbankingnews.com

JMP Securities Reiterates Market Outperform Rating for Procore Technologies (NYSE:PCOR)

September 22, 2023 | msn.com

Mizuho Reiterates Procore Technologies (PCOR) Buy Recommendation

October 4, 2023 | Wall Street Fundamentals (Ad)

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September 22, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Buy Rating on Procore Technologies (PCOR)

September 21, 2023 | finance.yahoo.com

Procore Technologies Stock Clears Technical Benchmark, Hitting 80-Plus RS Rating

September 21, 2023 | markets.businessinsider.com

Loop Capital Markets Sticks to Its Hold Rating for Procore Technologies (PCOR)

September 20, 2023 | markets.businessinsider.com

Analysts Conflicted on These Technology Names: Procore Technologies (PCOR) and Intel (INTC)

September 20, 2023 | markets.businessinsider.com

Goldman Sachs Reaffirms Their Buy Rating on Procore Technologies (PCOR)

September 19, 2023 | finance.yahoo.com

Procore Revolutionizes Construction Workflows with Innovative AI-Powered Copilot

September 18, 2023 | finance.yahoo.com

Procore Ignites a New Era of Digital and Cultural Transformation at Groundbreak 2023

September 14, 2023 | theglobeandmail.com

Unpacking Q2 Earnings: Matterport (NASDAQ:MTTR) In The Context Of Other Design Software Stocks

September 9, 2023 | finance.yahoo.com

Insider Sell: Chairman Courtemanche Craig F. Jr.

September 9, 2023 | finance.yahoo.com

Insider Sell: Chairman Courtemanche Craig F. Jr. ...

September 7, 2023 | finance.yahoo.com

Why Procore Technologies Is a Top Investment for Forward-Thinking Investors

August 29, 2023 | forbes.com

Procore Powers Ahead In Digitizing The Construction Industry

August 22, 2023 | benzinga.com

Flowspace Elevates Executives to Key Roles Leading Supply Chain SaaS and Fulfillment Operations

August 21, 2023 | finance.yahoo.com

With 81% ownership of the shares, Procore Technologies, Inc. (NYSE:PCOR) is heavily dominated by institutional owners

August 11, 2023 | finance.yahoo.com

IPO Stock Of The Week Roundup: Oddity, On Near Latest Buy Points, But Procore Triggers Sell Signals

August 10, 2023 | finance.yahoo.com

‘Load Up,’ Says J.P. Morgan About These 2 ‘Strong Buy’ Stocks

August 5, 2023 | theglobeandmail.com

Procore Technologies (PCOR) Q2 Earnings: What To Expect

August 4, 2023 | markets.businessinsider.com

Oppenheimer Sticks to Its Buy Rating for Procore Technologies (PCOR)

See More Headlines

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PCOR Company Calendar

Last Earnings: 8/02/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:PCOR
CUSIP: N/A
CIK: 1611052
Web: www.procore.com
Phone: 866-477-6267
Fax: N/A
Employees: 3,568
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $79.14
High Stock Price Forecast: $87.00
Low Stock Price Forecast: $67.00
Forecasted Upside/Downside: +23.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.92
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.85)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-286,930,000.00
Net Margins: -31.15%
Pretax Margin: -31.09%
Return on Equity: -18.16%
Return on Assets: -11.82%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.53
Quick Ratio: 1.53

Sales & Book Value

Annual Sales: $720.20 million
Price / Sales: 12.66
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.09 per share
Price / Book: 7.91

Miscellaneous

Outstanding Shares: 142,400,000
Free Float: 86,579,000
Market Cap: $9.12 billion
Optionable: Not Optionable
Beta: 0.67

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Key Executives

Mr. Craig F. Courtemanche Jr. (Age 55)
Founder, Chairman, CEO & Pres
Comp: $1.08M

Mr. Steven S. Davis (Age 56)
Pres of Product & Technology
Comp: $522.48k

Mr. Benjamin C. Singer Esq. (Age 46)
Chief Legal Officer & Corp. Sec.
Comp: $633.26k

Mr. Paul E. Lyandres (Age 32)
Pres of Fintech
Comp: $783.38k

Ms. Joy Driscoll Durling (Age 46)
Chief Data Officer
Comp: $738.4k

Mr. Howard Fu (Age 49)
CFO & Treasurer

Mr. William Fred Fleming Jr. (Age 39)
SVP, Corp. Controller & Principal Accounting Officer

Mr. Matthew Puljiz
VP of Investor Relations

Mr. Bill Crawford
Sr. VP & Global Head of Sales

Ms. Sarah Hodges
Chief Marketing Officer

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?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last twelve months. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?: 13 brokerages have issued 12 month target prices for Procore Technologies' shares. Their PCOR share price forecasts range from $67.00 to $87.00. On average, they predict the company's stock price to reach $79.14 in the next year. This suggests a possible upside of 23.6% 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 2023?: Procore Technologies' stock was trading at $47.18 at the beginning of 2023. Since then, PCOR stock has increased by 35.7% and is now trading at $64.03.
View the best growth stocks for 2023 here.
When is Procore Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PCOR earnings forecast.
How were Procore Technologies' earnings last quarter?: Procore Technologies, Inc. (NYSE:PCOR) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.13. The business earned $228.54 million during the quarter, compared to analyst estimates of $217.69 million. Procore Technologies had a negative trailing twelve-month return on equity of 18.16% and a negative net margin of 31.15%.
What ETFs hold Procore Technologies' stock?: ETFs with the largest weight of Procore Technologies (NYSE:PCOR) stock in their portfolio include Playtech (PTEC), Global X Cloud Computing ETF (CLOU), Neuberger Berman Disrupters ETF (NBDS), First Trust US Equity Opportunities ETF (FPX), WisdomTree Cloud Computing Fund (WCLD), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), Nuveen Global Net Zero Transition ETF (NTZG) and Renaissance IPO ETF (IPO).

What guidance has Procore Technologies issued on next quarter's earnings?: Procore Technologies updated its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $232.00 million-$234.00 million, compared to the consensus revenue estimate of $231.68 million.
When did Procore Technologies IPO?: (PCOR) raised $594 million in an initial public offering (IPO) on Thursday, May 20th 2021. The company issued 9,500,000 shares at $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.
What is Procore Technologies' stock symbol?: Procore Technologies trades on the New York Stock Exchange (NYSE) 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 $64.03.
How much money does Procore Technologies make?: Procore Technologies (NYSE:PCOR) has a market capitalization of $9.12 billion and generates $720.20 million in revenue each year. The company earns $-286,930,000.00 in net income (profit) each year or ($1.85) on an earnings per share basis.
How many employees does Procore Technologies have?: The company employs 3,568 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 or via email at ir@procore.com.

This page (NYSE:PCOR) was last updated on 10/4/2023 by MarketBeat.com Staff

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