KBW analyst Ryan Tomasello maintained a Hold rating on Porch Group (PRCH – Research Report) yesterday and set a price target of $2.00. The company’s shares closed yesterday at $2.82.
Tomasello covers the Technology sector, focusing on stocks such as Porch Group, Blend Labs, and AppFolio. According to TipRanks, Tomasello has an average return of -30.5% and a 40.00% success rate on recommended stocks.
Currently, the analyst consensus on Porch Group is a Strong Buy with an average price target of $5.00.
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PRCH market cap is currently $235.3M and has a P/E ratio of -1.62.
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.
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Porch Group (PRCH) Company Description:
PropTech Acquisition Corp is an organized blank check company.
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