In a report released today, Daniel Kurnos from Benchmark Co. initiated coverage with a Buy rating on Porch Group (PRCH – Research Report) and a price target of $10.00. The company’s shares closed yesterday at $2.31.
According to TipRanks, Kurnos is a 4-star analyst with an average return of 5.4% and a 47.82% success rate. Kurnos covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Magnite, and Nexstar Media Group.
Porch Group has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
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PRCH market cap is currently $228.4M and has a P/E ratio of -1.33.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRCH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Porch Group (PRCH) Company Description:
PropTech Acquisition Corp is an organized blank check company.
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