Porch Group, Inc. (NASDAQ:PRCH – Get Rating) has received an average recommendation of "Buy" from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $18.04.
PRCH has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on shares of Porch Group in a report on Wednesday, August 10th. They set an "overweight" rating and a $8.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a "downgrade" rating on shares of Porch Group in a report on Monday, July 25th.
Get Porch Group alerts:Porch Group Stock Performance
Shares of NASDAQ PRCH opened at $2.01 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.09. Porch Group has a 12 month low of $1.80 and a 12 month high of $27.50. The company has a 50 day simple moving average of $2.41 and a two-hundred day simple moving average of $3.78. The stock has a market cap of $197.25 million, a price-to-earnings ratio of -3.05 and a beta of 0.96.
Porch Group (NASDAQ:PRCH – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $70.77 million for the quarter, compared to analysts' expectations of $76.44 million. Porch Group had a negative net margin of 24.17% and a negative return on equity of 42.98%. As a group, analysts predict that Porch Group will post -0.95 earnings per share for the current year.Insiders Place Their Bets
In other Porch Group news, Director Sean Davis Kell bought 16,100 shares of the stock in a transaction on Friday, August 12th. The shares were bought at an average price of $3.13 per share, with a total value of $50,393.00. Following the purchase, the director now directly owns 55,840 shares in the company, valued at approximately $174,779.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Porch Group news, Director Sean Davis Kell bought 16,100 shares of the stock in a transaction on Friday, August 12th. The shares were bought at an average price of $3.13 per share, with a total value of $50,393.00. Following the purchase, the director now directly owns 55,840 shares in the company, valued at approximately $174,779.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew Neagle bought 100,000 shares of the stock in a transaction on Monday, August 22nd. The shares were acquired at an average cost of $2.20 per share, for a total transaction of $220,000.00. Following the purchase, the chief operating officer now owns 763,825 shares in the company, valued at $1,680,415. The disclosure for this purchase can be found here. 18.64% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Providence Capital Advisors LLC acquired a new position in shares of Porch Group during the 1st quarter valued at about $44,000. Hardy Reed LLC acquired a new position in shares of Porch Group during the 1st quarter valued at about $45,000. Graham Capital Management L.P. acquired a new position in shares of Porch Group during the 1st quarter valued at about $69,000. Nadler Financial Group Inc. acquired a new position in shares of Porch Group during the 2nd quarter valued at about $26,000. Finally, Baker Tilly Wealth Management LLC acquired a new position in shares of Porch Group during the 1st quarter valued at about $76,000.
About Porch Group
(Get Rating)
Porch Group, Inc operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers.
Featured Stories
- Get a free copy of the StockNews.com research report on Porch Group (PRCH)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster's Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
Receive News & Ratings for Porch Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Porch Group and related companies with MarketBeat.com's FREE daily email newsletter.