Procore Technologies (NYSE:PCOR) Price Target Increased to $65.00 by Analysts at Jefferies Financial Group

Procore Technologies (NYSE:PCOR) had its target price increased by Jefferies Financial Group from $60.00 to $65.00 in a report issued on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on PCOR. JPMorgan Chase & Co. reduced 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. Robert W. Baird started coverage on Procore Technologies in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 target price for the company. Macquarie reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Procore Technologies in a research report on Tuesday, July 30th. Baird R W raised Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, TD Cowen raised their target price on Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procore Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $69.81.

Procore Technologies Stock Performance

PCOR opened at $63.42 on Tuesday. The firm has a market cap of $9.37 billion, a PE ratio of -100.67 and a beta of 0.73. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $59.80 and a 200-day simple moving average of $63.94. Procore Technologies has a fifty-two week low of $48.11 and a fifty-two week high of $83.35.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $284.30 million during the quarter, compared to analyst estimates of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The company’s revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company posted ($0.28) EPS. As a group, equities analysts predict that Procore Technologies will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,707 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total transaction of $160,091.98. Following the transaction, the senior vice president now directly owns 79,156 shares in the company, valued at $4,681,285.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procore Technologies news, Director Connor Kevin J. O sold 3,846 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $53.84, for a total transaction of $207,068.64. Following the transaction, the director now directly owns 1,436,621 shares in the company, valued at $77,347,674.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William Fred Fleming, Jr. sold 2,707 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $160,091.98. Following the transaction, the senior vice president now owns 79,156 shares in the company, valued at approximately $4,681,285.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,748 shares of company stock worth $5,661,056. Corporate insiders own 29.00% of the company’s stock.

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Procore Technologies in the third quarter valued at about $26,000. Signaturefd LLC grew its position in shares of Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Procore Technologies by 6,069.2% in the third 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 during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Procore Technologies in the second quarter valued at about $51,000. 81.10% of the stock is currently owned by 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.