Procore Technologies (NYSE:PCOR) Now Covered by UBS Group

Investment analysts at UBS Group initiated coverage on shares of Procore Technologies (NYSE:PCOR) in a research report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $105.00 price target on the stock. UBS Group’s price target indicates a potential upside of 29.31% from the stock’s current price.

PCOR has been the subject of a number of other research reports. Canaccord Genuity Group increased their target price on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. TD Cowen raised their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group lifted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, KeyCorp raised their target price on Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.65.

Procore Technologies Stock Down 0.3 %

Shares of NYSE PCOR opened at $81.20 on Monday. The stock has a market capitalization of $12.07 billion, a PE ratio of -162.40 and a beta of 0.71. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $66.45 and a 200-day moving average of $64.40. Procore Technologies has a 52-week low of $49.46 and a 52-week high of $83.35.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, analysts anticipate that Procore Technologies will post -0.23 EPS for the current year.

Insider Activity at Procore Technologies

In related news, SVP William Fred Fleming, Jr. sold 15,000 shares of Procore Technologies stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total value of $1,061,250.00. Following the sale, the senior vice president now directly owns 75,120 shares in the company, valued at $5,314,740. This trade represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathryn Bueker sold 6,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $78.01, for a total transaction of $507,065.00. Following the completion of the transaction, the director now owns 23,932 shares of the company’s stock, valued at approximately $1,866,935.32. This trade represents a 21.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,553 shares of company stock worth $7,933,974 in the last 90 days. 29.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PCOR. GAMMA Investing LLC raised its stake in shares of Procore Technologies by 76.4% during 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 in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Procore Technologies during the 3rd quarter worth about $26,000. Signaturefd LLC lifted its stake in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after acquiring an additional 216 shares during the period. International Assets Investment Management LLC boosted its holdings 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 acquiring an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Procore Technologies during the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 81.10% 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.