Procore Technologies (NYSE:PCOR) Stock Rating Upgraded by DA Davidson

Procore Technologies (NYSE:PCOR) was upgraded by equities researchers at DA Davidson to a “hold” rating in a report released on Tuesday,Zacks.com reports. DA Davidson also issued estimates for Procore Technologies’ Q2 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.17) EPS and FY2026 earnings at $0.06 EPS.

Several other research firms have also commented on PCOR. Piper Sandler decreased their price objective on shares of Procore Technologies from $110.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on Procore Technologies from $93.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. 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. UBS Group reduced their price objective on Procore Technologies from $110.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.24.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $71.63 on Tuesday. Procore Technologies has a 12 month low of $49.46 and a 12 month high of $88.92. The firm has a market capitalization of $10.68 billion, a PE ratio of -99.48 and a beta of 0.90. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $64.72 and a two-hundred day simple moving average of $72.49.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Analysts forecast that Procore Technologies will post -0.15 EPS for the current fiscal year.

Insider Activity at Procore Technologies

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $82.92, for a total value of $995,040.00. Following the sale, the executive now owns 161,368 shares of the company’s stock, valued at $13,380,634.56. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at approximately $17,480. This trade represents a 84.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,142 shares of company stock worth $4,119,407. 29.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Procore Technologies

Large investors have recently bought and sold shares of the stock. US Bancorp DE grew its stake in shares of Procore Technologies by 18.8% in the fourth quarter. US Bancorp DE now owns 21,416 shares of the company’s stock worth $1,605,000 after purchasing an additional 3,390 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Procore Technologies in the 4th quarter worth approximately $20,729,000. Barclays PLC increased its stake in shares of Procore Technologies by 49.1% during the third quarter. Barclays PLC now owns 69,012 shares of the company’s stock valued at $4,259,000 after buying an additional 22,734 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Procore Technologies during the fourth quarter valued at approximately $56,000. Finally, KBC Group NV raised its holdings in Procore Technologies by 1,550.7% in the 4th quarter. KBC Group NV now owns 44,933 shares of the company’s stock worth $3,367,000 after purchasing an additional 42,211 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

About Procore Technologies

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.