Should I buy or sell Porch Group stock right now?

4 Wall Street equities research 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 equities research 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 targets 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 year. This suggests a possible upside of 119.1% 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 start of the year. Since then, PRCH shares have increased by 6.5% and is now trading at $3.28. View the best growth stocks for 2024 here .

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) released its quarterly earnings data on Thursday, March, 7th. The company reported ($0.06) EPS 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 analyst estimates 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 prior year, the firm earned ($0.32) earnings per share.

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) . Global X PropTech ETF (PTEC) .

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

Porch Group updated 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 institutional and retail investors. Top institutional shareholders include Moody National Bank Trust Division (0.32%) 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 .

NASDAQ:PRCH

Porch Group (PRCH) Stock Price, News & Analysis

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Free PRCH Stock Alerts

$3.35

-0.24 (-6.69%)

(As of 03:10 PM ET)

Compare

Today's Range: $3.22
▼
$3.47
50-Day Range: $2.23
▼
$4.50
52-Week Range: $0.50
▼
$4.78

Volume: 1.33 million shs
Average Volume: 1.64 million shs
Market Capitalization: $326.96 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.19

Get Porch Group alerts:

Porch Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 119.1% Upside
$7.19 Price Target
Short Interest: Bearish
11.95% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.35
Based on 5 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.

2.34 out of 5 stars

Computer And Technology Sector

385th out of 590 stocks

Prepackaged Software Industry

137th out of 200 stocks

3.4

Analyst's Opinion

Consensus Rating
Porch Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Porch Group has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
11.95% of the float of Porch Group has been sold short.
Short Interest Ratio / Days to Cover
Porch Group has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Porch Group has recently decreased by 3.10%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Porch Group does not currently pay a dividend.
Dividend Growth
Porch Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PRCH.

2.4

News and Social Media Coverage

News Sentiment
Porch Group has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Porch Group this week, compared to 2 articles on an average week.
Search Interest
37 people have searched for PRCH on MarketBeat in the last 30 days. This is an increase of 61% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Porch Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Porch Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $179,634.00 in company stock.
Percentage Held by Insiders
20.95% of the stock of Porch Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
48.48% of the stock of Porch Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Porch Group are expected to grow in the coming year, from ($0.83) to ($0.60) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Porch Group is -2.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Porch Group is -2.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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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

30 days | 90 days | 365 days | Advanced Chart

PRCH Stock News Headlines

March 29, 2024 | insidertrades.com

Insider Selling: Porch Group, Inc. (NASDAQ:PRCH) CFO Sells 19,040 Shares of Stock

March 24, 2024 | insidertrades.com

Shawn Tabak Sells 25,678 Shares of Porch Group, Inc. (NASDAQ:PRCH) Stock

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 13, 2024 | americanbankingnews.com

Stephens Reiterates "Overweight" Rating for Porch Group (NASDAQ:PRCH)

April 9, 2024 | businesswire.com

Porch Group Announces Inspection Product Enhancements and Price Increases

March 30, 2024 | investing.com

Porch group CFO sells shares worth over $76k

March 28, 2024 | msn.com

West Chester Porchfest returns May 18 and 74 bands are signed up for the 2024 edition

March 23, 2024 | finance.yahoo.com

Insider Sell: CFO Shawn Tabak Sells 55,960 Shares of Porch Group Inc (PRCH)

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

March 22, 2024 | markets.businessinsider.com

KBW Sticks to Its Hold Rating for Porch Group (PRCH)

March 15, 2024 | finance.yahoo.com

PRCH Mar 2024 1.000 put

March 14, 2024 | businesswire.com

Porch Group Attendance At Various Upcoming Investor Events

March 11, 2024 | markets.businessinsider.com

KBW Remains a Hold on Porch Group (PRCH)

March 9, 2024 | finance.yahoo.com

Are Investors Undervaluing Porch Group, Inc. (NASDAQ:PRCH) By 40%?

March 8, 2024 | insidermonkey.com

Porch Group, Inc. (NASDAQ:PRCH) Q4 2023 Earnings Call Transcript

March 8, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Broadcom (AVGO) and Porch Group (PRCH)

March 8, 2024 | benzinga.com

Why Porch Group Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

March 8, 2024 | finance.yahoo.com

Porch Group Inc (PRCH) Surges with 79% Revenue Growth in Q4 2023

March 7, 2024 | msn.com

Porch Group GAAP EPS of -$0.03 beats by $0.18, revenue of $114.6M beats by $15.27M

March 7, 2024 | msn.com

Porch Group stock surges after strong Q4 beat, robust 2024 guidance

March 7, 2024 | businesswire.com

Porch Group Reports Fourth Quarter 2023 Results

March 6, 2024 | msn.com

Porch Group Q4 2023 Earnings Preview

March 4, 2024 | finance.yahoo.com

PRCH Mar 2024 0.500 call

March 3, 2024 | investing.com

Porch Group Inc (PRCH)

February 28, 2024 | investorplace.com

February 18, 2024 | seekingalpha.com

Porch Group: A Complicated Tale

February 13, 2024 | msn.com

Porch Group And 2 Other Stocks Under $3 Insiders Are Buying

See More Headlines

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Company Calendar

Last Earnings: 3/07/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:PRCH
CUSIP: N/A
CIK: 1784535
Web: porch.com
Phone: 855-767-2400
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: +117.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.41)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-133,930,000.00
Net Margins: -31.12%
Pretax Margin: -30.98%
Return on Equity: -1,182.09%
Return on Assets: -12.60%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.04
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $430.30 million
Price / Sales: 0.75
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.37) per share
Price / Book: -8.92

Miscellaneous

Outstanding Shares: 97,600,000
Free Float: 77,150,000
Market Cap: $322.08 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PRCH Stock Analysis - Frequently Asked Questions

Should I buy or sell Porch Group stock right now?: 4 Wall Street equities research 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 equities research 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 targets 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 year. This suggests a possible upside of 119.1% 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 start of the year. Since then, PRCH shares have increased by 6.5% and is now trading at $3.28.
View the best growth stocks for 2024 here.
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) released its quarterly earnings data on Thursday, March, 7th. The company reported ($0.06) EPS 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 analyst estimates 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 prior year, the firm earned ($0.32) earnings per share.

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).Global X PropTech ETF (PTEC).
What guidance has Porch Group issued on next quarter's earnings?: Porch Group updated 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 institutional and retail investors. Top institutional shareholders include Moody National Bank Trust Division (0.32%) 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 4/16/2024 by MarketBeat.com Staff

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Porch Group (PRCH) Stock Price, News & Analysis

Porch Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Porch Group Stock (NASDAQ:PRCH)

PRCH Stock Price History

PRCH Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PRCH Stock Analysis - Frequently Asked Questions

Overall MarketRank^™