FY2025 EPS Estimate for Procore Technologies Cut by Analyst

Procore Technologies, Inc. (NYSE:PCOR) – Analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for Procore Technologies in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the company will post earnings per share of ($0.11) for the year, down from their prior estimate of ($0.08). DA Davidson currently has a “Neutral” rating and a $60.00 target price on the stock. The consensus estimate for Procore Technologies’ current full-year earnings is ($0.15) per share. DA Davidson also issued estimates for Procore Technologies’ FY2026 earnings at ($0.03) EPS.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The company had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million.

Other equities analysts have also recently issued research reports about the company. Barclays decreased their price target on Procore Technologies from $90.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday. UBS Group raised their target price on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Macquarie reduced their price objective on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Jefferies Financial Group lowered their target price on shares of Procore Technologies from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, March 31st. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Procore Technologies Stock Down 2.5 %

NYSE PCOR opened at $58.37 on Thursday. The stock has a market capitalization of $8.75 billion, a P/E ratio of -81.06 and a beta of 0.90. Procore Technologies has a 52 week low of $49.46 and a 52 week high of $88.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a fifty day moving average of $70.32 and a 200-day moving average of $72.13.

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Procore Technologies by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company’s stock worth $891,692,000 after acquiring an additional 838,925 shares during the period. Capital World Investors lifted its holdings in Procore Technologies by 453.6% during the 4th quarter. Capital World Investors now owns 3,118,962 shares of the company’s stock valued at $233,704,000 after purchasing an additional 2,555,612 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Procore Technologies by 99.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock valued at $214,377,000 after purchasing an additional 1,425,967 shares during the last quarter. Principal Financial Group Inc. boosted its position in Procore Technologies by 29,376.1% during the fourth quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company’s stock worth $200,810,000 after purchasing an additional 2,670,872 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Procore Technologies by 14.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,627,408 shares of the company’s stock valued at $196,873,000 after purchasing an additional 322,367 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling

In other news, insider Benjamin C. Singer sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the transaction, the insider now directly owns 83,039 shares in the company, valued at $6,477,042. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Howard Fu sold 1,216 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $61.34, for a total transaction of $74,589.44. Following the completion of the sale, the chief financial officer now owns 208,184 shares of the company’s stock, valued at $12,770,006.56. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,982 shares of company stock worth $5,069,759. Corporate insiders own 29.00% of the company’s stock.

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.