NASDAQ:PRCH

Porch Group (PRCH) Stock Price, News & Analysis

$3.21
-0.08 (-2.43%)
(As of 05:44 PM ET)
Today's Range
$3.09
$3.22
50-Day Range
$2.75
$4.50
52-Week Range
$0.50
$4.78
Volume
506,618 shs
Average Volume
1.56 million shs
Market Capitalization
$313.30 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.19

Porch Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
123.9% Upside
$7.19 Price Target
Short Interest
Healthy
10.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.36mentions of Porch Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$179,634 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.83) to ($0.60) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.85 out of 5 stars

Computer And Technology Sector

348th out of 586 stocks

Prepackaged Software Industry

120th out of 194 stocks

PRCH stock logo

About Porch Group Stock (NASDAQ:PRCH)

Porch Group, Inc., together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services. This segment offers inspection software and services, title insurance software, mortgage software, moving services, mover and homeowner marketing, and measurement software for roofers. The Insurance segment offers consumers with insurance and warranty products to protect their homes. This segment provides property-related insurance and captive reinsurance products; and warranty products under the Porch Warranty, American Home Protect, and Residential Warranty Services brands. The company was founded in 2011 and is headquartered in Seattle, Washington.

PRCH Stock Price History

PRCH Stock News Headlines

World’s biggest multibillionaire investor is buying THIS by the ton [picture]
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William Blair Large Cap Growth I (LCGFX)
Porch group CFO sells shares worth over $76k
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
KBW Sticks to Its Hold Rating for Porch Group (PRCH)
PRCH Mar 2024 1.000 put
KBW Remains a Hold on Porch Group (PRCH)
Porch Group Reports Fourth Quarter 2023 Results
Porch Group Q4 2023 Earnings Preview
PRCH Mar 2024 0.500 call
Porch Group Inc (PRCH)
7 Popular Penny Stocks With Breakout Potential
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:PRCH
Fax
N/A
Employees
864
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.19
High Stock Price Target
$14.00
Low Stock Price Target
$3.75
Potential Upside/Downside
+129.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-133,930,000.00
Pretax Margin
-30.98%

Debt

Sales & Book Value

Annual Sales
$430.30 million
Book Value
($0.37) per share

Miscellaneous

Free Float
77,150,000
Market Cap
$305.49 million
Optionable
Optionable
Beta
2.16
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Key Executives

  • Mr. Matthew Ehrlichman (Age 44)
    Founder, Chairman & CEO
    Comp: $690.16k
  • Mr. Shawn Tabak (Age 43)
    Chief Financial Officer
    Comp: $302.05k
  • Mr. Matthew Neagle (Age 45)
    Chief Operating Officer
    Comp: $409.38k
  • Mr. Ronnie Castro
    Co-Founder & VP of Homeowner Operations
  • Nicole Pelley
    Senior Vice President of Product & Technology
  • Lois Perkins
    Head of Investor Relations
  • Mr. Matthew Cullen
    General Counsel & Secretary
  • Ms. Janet Zimmermann
    Vice President of People
  • Mr. Adam Kornick
    President of InsurTech Division
  • Mr. Andrew Beck
    Head of Contractor Tools SaaS

PRCH Stock Analysis - Frequently Asked Questions

Should I buy or sell Porch Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Porch Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRCH shares.
View PRCH analyst ratings
or view top-rated stocks.

What is Porch Group's stock price target for 2024?

4 Wall Street research analysts have issued 12-month price objectives for Porch Group's stock. Their PRCH share price targets range from $3.75 to $14.00. On average, they expect the company's stock price to reach $7.19 in the next twelve months. This suggests a possible upside of 123.9% from the stock's current price.
View analysts price targets for PRCH
or view top-rated stocks among Wall Street analysts.

How have PRCH shares performed in 2024?

Porch Group's stock was trading at $3.08 at the beginning of 2024. Since then, PRCH shares have increased by 4.2% and is now trading at $3.21.
View the best growth stocks for 2024 here
.

Are investors shorting Porch Group?

Porch Group saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 7,800,000 shares, a decline of 14.0% from the March 31st total of 9,070,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 5.0 days. Approximately 10.4% of the shares of the stock are short sold.
View Porch Group's Short Interest
.

When is Porch Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PRCH earnings forecast
.

How were Porch Group's earnings last quarter?

Porch Group, Inc. (NASDAQ:PRCH) announced its quarterly earnings data on Thursday, March, 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. The company had revenue of $114.61 million for the quarter, compared to the consensus estimate of $99.60 million. Porch Group had a negative net margin of 31.12% and a negative trailing twelve-month return on equity of 1,182.09%. During the same quarter in the previous year, the firm earned ($0.32) EPS.

What ETFs hold Porch Group's stock?

ETFs with the largest weight of Porch Group (NASDAQ:PRCH) stock in their portfolio include Jacob Forward ETF (JFWD) and Global X PropTech ETF (PTEC).

What guidance has Porch Group issued on next quarter's earnings?

Porch Group issued an update on its FY 2024 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $450.0 million-$490.0 million, compared to the consensus revenue estimate of $404.0 million.

Who are Porch Group's major shareholders?

Porch Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Moody National Bank Trust Division (0.32%), Viewpoint Capital Management LLC (0.18%) and Wedmont Private Capital (0.05%). Insiders that own company stock include Asha Sharma, Camilla Velasquez, Matt Ehrlichman, Matthew Neagle, Park West Asset Management Llc, Rachel Lam, Sean Davis Kell and Shawn Tabak.
View institutional ownership trends
.

How do I buy shares of Porch Group?

Shares of PRCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PRCH) was last updated on 4/25/2024 by MarketBeat.com Staff

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