WallStreetZenWallStreetZen

How to Buy Procore Technologies Stock

Procore Technologies Inc

Procore Technologies is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker PCOR on the NYSE exchange.

Procore Technologies stock last closed at $81.63, down 0.89% from the previous day, and has increased 40.72% in one year. It has overperformed other stocks in the Software - Application industry by 0.02 percentage points. Procore Technologies stock is currently +69.67% from its 52-week low of $48.11, and -2.06% from its 52-week high of $83.35.

At the moment, there are 144.92M PCOR shares outstanding. The market value of PCOR is $11.83B. In the last 24 hours, 1.73M PCOR shares were traded.

How to Buy Procore Technologies Stock

Not sure how to invest in Procore Technologies stock? Here's how.
  1. Choose where to buy Procore Technologies stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Procore Technologies stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your info.
  4. Research Procore Technologies stock: The Procore Technologies ticker symbol is PCOR. Is Procore Technologies stock a good investment? Should you buy shares of PCOR? How do PCOR's underlying business fundamentals look? Do top analysts think Procore Technologies is a good buy? Why has PCOR's stock price moved recently? (Hint: Our stock research website can help you decide if PCOR is a good stock to buy).
  5. Make your PCOR trade: Decide if you will purchase PCOR shares at the current market price or use a limit order to buy PCOR shares at a particular price.
  6. Get key alerts regarding your investment in PCOR: Create a watchlist to important notifications about your investment in Procore Technologies shares.

Step 1: Choose where to buy Procore Technologies stock

You will need a brokerage account in order to access the NYSE market and buy PCOR shares.

A brokerage account allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our analysis, eToro is the best online stock brokerage. Here's why:

  • Invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
  • Access to global markets: From Technology to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of shares by signing up for an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Sign up for a brokerage account

Now that you've selected the best brokerage, you'll need to fill out some personal info so you can buy PCOR today.

How to Start a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Provide your personal details to start a new trading account.
  1. Submit your details by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your brokerage account

Now that you have filled out your info on investing apps, you need to deposit funds:

Check out the walkthrough below to see the process of transferring money into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Procore Technologies stock

Once you have selected the best place to buy Procore Technologies stock, it's important to analyze their stock prior to buying, so you truly comprehend the risk and opportunity.

Procore Technologies Numbers

PCOR Price
$81.63
1w %
0.9%
1y %
40.72%
5y %
N/A
P/E
-60.92x
P/B
10.24x
P/S
12.2x
PEG
N/A
Revenue
$950.01M
Earnings
-$189.69M
Fore. Rev. Growth
20.31%
Fore. Earn. Growth
N/A
Market Cap
$11.83B
Next Earnings
Apr 29, 2024
Next Dividend
N/A

Procore Technologies Fundamentals

WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on PCOR's stock page.

What is the fair value of PCOR stock?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge PCOR's intrinsic value.

Using relative valuations metrics:

  • PCOR could be overvalued based on its P/B ratio of 10.24x, relative to Software - Application industry P/B ratio of 6.94x

You can access additional valuation research on PCOR's stock here.

How do PCOR Financials look?

Positive Health Checks:

  • PCOR's operating cash flow of $92.02M allows it to safely service it's debt of $81.50M.
  • PCOR profit margin has gone up from -39.8% to -20% in the past year.
  • There are more short-term assets than long-term liabilities on the PCOR balance sheet.
  • There are more short-term assets than short-term liabilities on the PCOR balance sheet.

Negative Health Checks:

  • PCOR has a relatively high debt to equity ratio of 0.64.
  • PCOR earnings of -$186.46M is not enough to cover its interest payments.

Do analysts think it's a good time to buy PCOR stock

Out of 11 Wall Street analysts who research PCOR, the consensus analyst rating on Procore Technologies is a Strong Buy

Please note that analyst ratings are not recommendations, nor are they investment advice.

Most Recent PCOR Analyst Upgrades/Downgrades

Tom Roderick, a top 4% analyst from Stifel Nicolaus maintains PCOR with a strong buy rating and raises their PCOR price target from $64.00 to $90.00, on Feb 16, 2024.

Brent A. Bracelin, a top 1% analyst from Piper Sandler maintains PCOR with a strong buy rating and raises their PCOR price target from $77.00 to $80.00, on Feb 16, 2024.

Piper Sandler's Brent A. Bracelin raised their price target on Procore Technologies (NYSE: PCOR) by 3.9% from $77 to $80 on 2024/02/16. The analyst maintained their Strong Buy rating on the stock.

In an assessment of the company's Q4 and FY 2023 earnings report, released on 2024/02/15, the analyst noted that the 24% Y/Y rise in Procore's cRPO (Current Remaining Performance Obligations) was better than predicted, thanks to outstanding execution. 

Although Piper Sandler expressed confidence with management's "solid 20% growth" guidance for 2024, the fact that cRPO could stay erratic and fall below 20% Q/Q indicates that the construction sector still faces challenges, the analyst cautioned investors.

Earnings Report

Procore Technologies reported:

For Q4 2023:

  • EPS of $0.17, which beat the Zacks Consensus Estimate of $0.07 and, by 312.5%, Q4 2022’s $(0.08).
  • Revenue of $260.04M, which beat the Zacks Consensus Estimate by 4.77% and, by 29%, Q4 2022’s $202.05M.
  • Operating margin of 7%.

For FY 2023:

  • EPS of $0.30, up 158.8% Y/Y.
  • Revenue of $950M, up 32% Y/Y.
  • Operating margin of 2%.

Management guided:

For Q1 2024:

  • Revenue of $262M to $264M which, if achieved, would represent a 23% to 24% increase Y/Y.
  • Operating margin of 7% to 8%.

For FY 2024:

  • Revenue of $1.137B to $1.142B which, if achieved, would represent a 20% increase Y/Y.
  • Operating margin of 7% to 8%.

Founder & CEO Tooey Courtemanche commented: “2023 was a year of milestones at Procore as we surpassed $1B in total annual recurring revenue, reaffirmed our status as one of the best places to work in technology, and delivered numerous innovations on the platform.

“Our continued evolution leaves me optimistic about our ability to achieve our vision of improving the lives of everyone in construction.”

CFO Howard Fu commented: “Procore remains committed to continuously improving how we operate across all aspects of the business.

"This resulted in significant margin improvement in 2023, setting a strong foundation for our next phase of efficient growth.”

Matthew Brooks, a top 34% analyst from Mizuho maintains PCOR with a strong buy rating and lowers their PCOR price target from $85.00 to $75.00, on Nov 3, 2023.

Douglas Bruehl, a top 35% analyst from JP Morgan maintains PCOR with a strong buy rating and lowers their PCOR price target from $85.00 to $76.00, on Nov 2, 2023.

Saket Kalia, a top 3% analyst from Barclays maintains PCOR with a strong buy rating and lowers their PCOR price target from $87.00 to $71.00, on Nov 2, 2023.

You can dig deeper into what analysts are forecasting on the Procore Technologies stock forecast page.

PCOR Technicals

SMA10
80.55
SMA20
79.48
SMA50
75.42
SMA100
68.34
SMA200
67.29
MACD
1.9
MACD Signal
1.84
MACD Histogram
0.06
RSI
65.13
Stochastic %K
83.37
Stochastic %D
87.73
StochRSI %K
79.03
StochRSI %D
88.89

PCOR Revenue

Last year, PCOR revenue was $950.01M. During the past five year, PCOR's revenue has increased by 38.5% per year. This was faster than the Software - Application industry average of 27.46%.

You can research PCOR's earnings and revenue performance here.

What are PCOR executives and large shareholders up to?

In the last 12 months, insiders at PCOR have sold more shares than they have bought.

Howard Fu, CFO Treasurer of PCOR, was the latest PCOR insider to sell. They sold $118,293.83 worth of PCOR shares on Mar 22, 2024.

Research more about who owns PCOR stock here.

Can I rely on PCOR as an income stream?

No, Procore Technologies doesn't provide an income stream by paying out dividends.

PCOR Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Make your PCOR trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price limit, place a limit order.

Click the Open Trade button and your broker will execute the order.

If you require more assistance buying stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Get key alerts regarding your investment in PCOR

Now that you own some shares in PCOR, you'll want to stay up-to-date on your new stock purchase.

Make a watchlist to track the latest developments regarding your PCOR stock.

PCOR Feed

How to Buy Stock in Procore Technologies

To summarize, here are the 6 steps to buy Procore Technologies stock:

  1. Choose where to buy Procore Technologies stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Research Procore Technologies stock
  5. Make your PCOR trade
  6. Get key alerts regarding your investment in PCOR

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your investment in Procore Technologies, click below.

NYSE: PCOR
$81.63-0.73 (-0.89%)
Updated Mar 27, 2024
Open eToro Account
NYSE: PCOR
$81.63-0.73 (-0.89%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Procore Technologies share?

As of Mar 27, 2024, it costs $81.63 to buy one share of Procore Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.123 shares of PCOR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Procore Technologies stock?

According to 11 Wall Street analysts who monitor Procore Technologies, their consensus recommendation is to buy Procore Technologies stock.

What is the best way to buy Procore Technologies stock?

One way to place an order for Procore Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.