Procore Technologies (NYSE:PCOR - Get Free Report) had its price target increased by investment analysts at KeyCorp from $68.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's target price would indicate a potential upside of 11.71% from the company's current price.
Several other brokerages have also recently issued reports on PCOR. Baird R W raised shares of Procore Technologies to a "strong-buy" rating in a research note on Tuesday, September 24th. Barclays lifted their price target on Procore Technologies from $66.00 to $78.00 and gave the company an "equal weight" rating in a research note on Friday. Macquarie reiterated a "neutral" rating and issued a $70.00 price objective on shares of Procore Technologies in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of Procore Technologies from $90.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.75.
Get Our Latest Research Report on Procore Technologies
Shares of NYSE PCOR traded up $0.86 during mid-day trading on Friday, reaching $76.09. The company had a trading volume of 582,998 shares, compared to its average volume of 1,579,401. The firm has a 50 day simple moving average of $63.82 and a two-hundred day simple moving average of $63.92. Procore Technologies has a 52-week low of $49.46 and a 52-week high of $83.35. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $11.31 billion, a P/E ratio of -151.58 and a beta of 0.71.
Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Sell-side analysts predict that Procore Technologies will post -0.23 earnings per share for the current year.
In other news, Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $58.48, for a total value of $299,885.44. Following the completion of the sale, the director now owns 1,360,848 shares of the company's stock, valued at $79,582,391.04. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven Scott Davis sold 9,671 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $65.00, for a total value of $628,615.00. Following the transaction, the insider now directly owns 192,137 shares in the company, valued at $12,488,905. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,997 shares of company stock worth $4,497,153 over the last three months. 29.00% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of PCOR. GAMMA Investing LLC raised its stake 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 Procore Technologies during the third quarter valued at approximately $26,000. Signaturefd LLC lifted 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 buying 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 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 in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Procore Technologies in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 81.10% of the company's stock.
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.
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