What is DA Davidson’s Forecast for PCOR Q2 Earnings?

Procore Technologies, Inc. (NYSE:PCOR) – Investment analysts at DA Davidson issued their Q2 2025 earnings estimates for shares of Procore Technologies in a research note issued on Tuesday, May 13th. DA Davidson analyst W. Jellison anticipates that the company will post earnings of ($0.08) per share for the quarter. DA Davidson currently has a “Hold” rating on the stock. The consensus estimate for Procore Technologies’ current full-year earnings is ($0.15) per share. DA Davidson also issued estimates for Procore Technologies’ FY2025 earnings at ($0.17) EPS and FY2026 earnings at $0.06 EPS.

Several other equities analysts have also recently issued reports on PCOR. Jefferies Financial Group reduced their price target on shares of Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus reduced their price target on shares of Procore Technologies from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. KeyCorp reduced their price target on shares of Procore Technologies from $96.00 to $77.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. BMO Capital Markets dropped their price objective on shares of Procore Technologies from $95.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Four equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.24.

Procore Technologies Price Performance

PCOR stock opened at $71.48 on Thursday. The firm’s 50-day moving average price is $64.77 and its two-hundred day moving average price is $72.56. Procore Technologies has a 12-month low of $49.46 and a 12-month high of $88.92. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of -99.28 and a beta of 0.90. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $310.63 million for the quarter, compared to analysts’ expectations of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC increased its holdings in Procore Technologies by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock valued at $1,199,000 after acquiring an additional 129 shares during the last quarter. Parkside Financial Bank & Trust grew its stake 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 in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after buying an additional 162 shares in the last quarter. Covestor Ltd boosted its stake in shares of Procore Technologies by 15.1% during the 4th quarter. Covestor Ltd now owns 1,571 shares of the company’s stock worth $118,000 after purchasing an additional 206 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Procore Technologies by 5.3% during the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company’s stock worth $313,000 after purchasing an additional 210 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Insider Transactions at Procore Technologies

In related news, insider Benjamin C. Singer sold 6,937 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $83.60, for a total transaction of $579,933.20. Following the transaction, the insider now owns 72,110 shares in the company, valued at $6,028,396. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Connor Kevin J. O sold 7,700 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $56.67, for a total transaction of $436,359.00. Following the transaction, the director now owns 1,208,284 shares in the company, valued at approximately $68,473,454.28. This trade represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,142 shares of company stock worth $4,626,417. Corporate 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.