What is DA Davidson’s Forecast for PCOR Q4 Earnings?

Procore Technologies, Inc. (NYSE:PCOR) – Research analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Procore Technologies in a report issued on Thursday, October 31st. DA Davidson analyst G. Luria anticipates that the company will post earnings per share of ($0.21) for the quarter. 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 ($0.28) per share.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative return on equity of 2.55% and a negative net margin of 6.59%.

PCOR has been the subject of a number of other research reports. Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Macquarie reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Procore Technologies in a research note on Tuesday, July 30th. Barclays boosted their price objective on Procore Technologies from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets cut their price target on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Robert W. Baird assumed coverage on shares of Procore Technologies in a research report on Tuesday, September 24th. They set an “outperform” rating and a $73.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Procore Technologies Trading Up 4.8 %

Shares of PCOR stock opened at $65.66 on Friday. Procore Technologies has a 1-year low of $48.11 and a 1-year high of $83.35. The firm has a market cap of $9.70 billion, a PE ratio of -131.32 and a beta of 0.73. The company has a 50-day moving average of $59.99 and a two-hundred day moving average of $63.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.55 and a quick ratio of 1.55.

Hedge Funds Weigh In On Procore Technologies

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

Insider Buying and Selling

In other Procore Technologies news, Director Connor Kevin J. O sold 3,846 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $53.84, for a total transaction of $207,068.64. Following the completion of the sale, the director now directly owns 1,436,621 shares of the company’s stock, valued at $77,347,674.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP William Fred Fleming, Jr. sold 2,707 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Connor Kevin J. O sold 3,846 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $53.84, for a total transaction of $207,068.64. Following the completion of the sale, the director now owns 1,436,621 shares of the company’s stock, valued at approximately $77,347,674.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,748 shares of company stock worth $5,661,056 in the last 90 days. Company insiders own 29.00% of the company’s stock.

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.