What is DA Davidson's Estimate for PCOR Q4 Earnings?

Procore Technologies, Inc. (NYSE:PCOR - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Procore Technologies in a report issued on Thursday, October 31st. DA Davidson analyst G. Luria forecasts that the company will post earnings of ($0.21) per share for the quarter. DA Davidson has a "Neutral" rating and a $60.00 price objective on the stock. The consensus estimate for Procore Technologies' current full-year earnings is ($0.28) per share.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.55%. The company had revenue of $295.89 million during the quarter, compared to analysts' expectations of $287.42 million.

PCOR has been the topic of several other research reports. Piper Sandler lifted their target price on shares of Procore Technologies from $63.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on Procore Technologies from $90.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. BMO Capital Markets reduced their target price on Procore Technologies from $85.00 to $71.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. JMP Securities lowered their price target on Procore Technologies from $82.00 to $75.00 and set a "market outperform" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on Procore Technologies from $85.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.94.

Procore Technologies Price Performance

Shares of NYSE:PCOR traded up $0.98 during midday trading on Friday, reaching $66.63. 2,387,014 shares of the company's stock traded hands, compared to its average volume of 1,551,967. The company has a market cap of $9.84 billion, a P/E ratio of -133.26 and a beta of 0.73. The company has a fifty day simple moving average of $60.10 and a two-hundred day simple moving average of $63.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.55. Procore Technologies has a 1 year low of $48.11 and a 1 year high of $83.35.

Insider Transactions at Procore Technologies

In other news, Director Connor Kevin J. O sold 5,128 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $62.88, for a total value of $322,448.64. Following the sale, the director now directly owns 1,345,464 shares of the company's stock, valued at approximately $84,602,776.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procore Technologies news, Director Connor Kevin J. O sold 25,000 shares of Procore Technologies stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the transaction, the director now directly owns 1,380,078 shares of the company's stock, valued at $79,395,887.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $62.88, for a total transaction of $322,448.64. Following the sale, the director now directly owns 1,345,464 shares in the company, valued at $84,602,776.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,748 shares of company stock worth $5,661,056. 29.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Procore Technologies

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company's stock worth $25,000 after acquiring an additional 175 shares during the period. V Square Quantitative Management LLC purchased a new stake in Procore Technologies during the 3rd quarter worth about $26,000. Signaturefd LLC increased its holdings in Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company's stock worth $42,000 after purchasing an additional 216 shares during the period. International Assets Investment Management LLC raised its position in Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock valued at $49,000 after purchasing an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Procore Technologies in the 2nd quarter valued at about $51,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.