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Procore Technologies (PCOR) Stock Price, News & Analysis

Procore Technologies logo
$76.53 +1.05 (+1.39%)
(As of 12/20/2024 05:31 PM ET)

About Procore Technologies Stock (NYSE:PCOR)

Key Stats

Today's Range
$74.01
$76.94
50-Day Range
$61.62
$85.74
52-Week Range
$49.46
$86.67
Volume
3.08 million shs
Average Volume
1.67 million shs
Market Capitalization
$11.38 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$84.24
Consensus Rating
Moderate Buy

Company Overview

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.

Procore Technologies Stock Analysis - MarketRank™

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59th Percentile Overall Score

PCOR MarketRank™: 

Procore Technologies scored higher than 59% of companies evaluated by MarketBeat, and ranked 168th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Procore Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Procore Technologies has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Procore Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Procore Technologies are expected to grow in the coming year, from ($0.23) to ($0.17) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Procore Technologies is -153.06, 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 -153.06, 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 9.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    6.77% 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 4.5.
  • Change versus previous month

    Short interest in Procore Technologies has recently increased by 1.20%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Procore Technologies does not currently pay a dividend.

  • Dividend Growth

    Procore Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    6.77% 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 4.5.
  • Change versus previous month

    Short interest in Procore Technologies has recently increased by 1.20%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Procore Technologies has a news sentiment score of 0.94. 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 0.60 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Procore Technologies this week, compared to 8 articles on an average week.
  • Search Interest

    3 people have searched for PCOR on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 3 people have added Procore Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • 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 $10,364,826.00 in company stock.

  • Percentage Held by Insiders

    29.00% 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

    81.10% of the stock of Procore Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Procore Technologies' insider trading history.
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PCOR Stock News Headlines

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Procore price target raised to $93 from $84 at Stifel
Procore price target raised to $75 from $65 at Mizuho
See More Headlines

PCOR Stock Analysis - Frequently Asked Questions

Procore Technologies' stock was trading at $69.22 at the beginning of 2024. Since then, PCOR shares have increased by 10.6% and is now trading at $76.53.
View the best growth stocks for 2024 here
.

Procore Technologies, Inc. (NYSE:PCOR) announced its earnings results on Wednesday, October, 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The company earned $295.89 million during the quarter, compared to analysts' expectations of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative trailing twelve-month return on equity of 2.51%.

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 $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.

Procore Technologies' top institutional investors include Meritage Group LP (1.85%), Janus Henderson Group PLC (1.55%), Franklin Resources Inc. (1.31%) and Holocene Advisors LP (1.26%). Insiders that own company stock include William JG Griffith, Iconiq Strategic Partners Ii,, Connor Kevin J O, Iconiq Strategic Partners Vi,, Craig F Jr Courtemanche, Dennis Lyandres, Paul Lyandres, Steven Scott Davis, Howard Fu, Sam Crigman, Benjamin C Singer, Joy Driscoll Durling, William Fred Fleming Jr, Nanci Caldwell, Elisa Steele, Graham Smith and Patricia L Wadors.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Procore Technologies investors own include Invesco QQQ (QQQ), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and SPDR S&P 500 ETF Trust (SPY).

Company Calendar

Last Earnings
10/30/2024
Today
12/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Fax
N/A
Employees
3,694
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$84.24
High Stock Price Target
$105.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$-189,690,000.00
Pretax Margin
-6.50%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Book Value
$8.05 per share

Miscellaneous

Free Float
105,551,000
Market Cap
$11.38 billion
Optionable
Optionable
Beta
0.82

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This page (NYSE:PCOR) was last updated on 12/21/2024 by MarketBeat.com Staff
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