Procore Technologies (NYSE:PCOR) Given New $65.00 Price Target at Mizuho

Procore Technologies (NYSE:PCOR) had its target price decreased by Mizuho from $75.00 to $65.00 in a report published on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

PCOR has been the topic of a number of other reports. Macquarie lowered their price objective on Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. DA Davidson lowered their target price on shares of Procore Technologies from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut their price target on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group lowered their price objective on Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, KeyCorp increased their target price on Procore Technologies from $85.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Procore Technologies Trading Up 0.2 %

NYSE:PCOR opened at $60.64 on Tuesday. The company’s 50 day moving average price is $70.99 and its 200-day moving average price is $72.24. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies has a 52 week low of $49.46 and a 52 week high of $88.92. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of -84.21 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The business had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. On average, equities research analysts forecast that Procore Technologies will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 7,700 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total value of $436,359.00. Following the sale, the director now owns 1,208,284 shares in the company, valued at $68,473,454.28. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Benjamin C. Singer sold 1,500 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the sale, the insider now directly owns 83,039 shares of the company’s stock, valued at $6,477,042. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,766 shares of company stock worth $4,995,169. 29.00% of the stock is currently owned by insiders.

Institutional Trading of Procore Technologies

Hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its stake in shares of Procore Technologies by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock worth $1,199,000 after purchasing an additional 129 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the last quarter. Versant Capital Management Inc boosted its stake in Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Procore Technologies by 15.1% in the fourth quarter. Covestor Ltd now owns 1,571 shares of the company’s stock worth $118,000 after purchasing an additional 206 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.