Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle Buys 315,000 Shares of Stock

Porch Group, Inc. (NASDAQ:PRCHGet Rating) COO Matthew Neagle purchased 315,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were purchased at an average price of $1.05 per share, for a total transaction of $330,750.00. Following the purchase, the chief operating officer now owns 1,071,995 shares in the company, valued at approximately $1,125,594.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matthew Neagle also recently made the following trade(s):

  • On Monday, August 22nd, Matthew Neagle purchased 100,000 shares of Porch Group stock. The shares were purchased at an average price of $2.20 per share, for a total transaction of $220,000.00.

Porch Group Stock Performance

NASDAQ PRCH opened at $1.40 on Tuesday. The stock has a market capitalization of $137.39 million, a price-to-earnings ratio of -0.96 and a beta of 0.57. Porch Group, Inc. has a twelve month low of $0.94 and a twelve month high of $27.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.09. The stock has a 50-day moving average of $1.95 and a 200 day moving average of $2.64.

Hedge Funds Weigh In On Porch Group

A number of large investors have recently bought and sold shares of PRCH. Cubist Systematic Strategies LLC raised its holdings in shares of Porch Group by 999.7% during the third quarter. Cubist Systematic Strategies LLC now owns 44,416 shares of the company’s stock valued at $100,000 after acquiring an additional 40,377 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Porch Group during the third quarter valued at approximately $481,000. Boothbay Fund Management LLC raised its holdings in shares of Porch Group by 222.6% during the third quarter. Boothbay Fund Management LLC now owns 213,130 shares of the company’s stock valued at $480,000 after acquiring an additional 147,066 shares during the last quarter. Keyframe Capital Partners L.P. acquired a new position in shares of Porch Group during the third quarter valued at approximately $1,374,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Porch Group by 384.5% during the third quarter. MetLife Investment Management LLC now owns 51,162 shares of the company’s stock valued at $115,000 after acquiring an additional 40,603 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PRCH shares. Cantor Fitzgerald started coverage on Porch Group in a research note on Wednesday, August 10th. They issued an “overweight” rating and a $8.00 target price on the stock. Northland Securities lowered their target price on Porch Group from $7.00 to $4.50 in a research note on Wednesday, November 9th. Keefe, Bruyette & Woods restated a “downgrade” rating on shares of Porch Group in a research note on Monday, July 25th. Oppenheimer lowered their target price on Porch Group from $9.00 to $3.00 in a research note on Wednesday, November 9th. Finally, JPMorgan Chase & Co. downgraded Porch Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Porch Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

About Porch Group

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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.

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Insider Buying and Selling by Quarter for Porch Group (NASDAQ:PRCH)

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