Calamos Advisors LLC Trims Stock Holdings in Porch Group, Inc. $PRCH

Calamos Advisors LLC decreased its holdings in Porch Group, Inc. (NASDAQ:PRCH) by 78.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,978 shares of the company’s stock after selling 114,199 shares during the period. Calamos Advisors LLC’s holdings in Porch Group were worth $292,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PRCH. Aster Capital Management DIFC Ltd increased its stake in shares of Porch Group by 956.3% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company’s stock worth $26,000 after purchasing an additional 1,377 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Porch Group by 444.8% in the third quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock worth $31,000 after purchasing an additional 1,499 shares in the last quarter. RiverPark Advisors LLC purchased a new position in shares of Porch Group in the third quarter worth about $39,000. State of Alaska Department of Revenue purchased a new position in shares of Porch Group in the third quarter worth about $80,000. Finally, State of Wyoming purchased a new position in shares of Porch Group in the second quarter worth about $111,000. Hedge funds and other institutional investors own 48.48% of the company’s stock.

Porch Group Price Performance

Shares of NASDAQ:PRCH opened at $8.59 on Wednesday. The company has a 50 day moving average of $7.62 and a 200 day moving average of $9.34. The stock has a market cap of $1.07 billion, a P/E ratio of -171.80 and a beta of 3.09. Porch Group, Inc. has a 12 month low of $5.70 and a 12 month high of $19.44. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 17.20.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. The company had revenue of $109.44 million during the quarter, compared to analysts’ expectations of $93.99 million. Porch Group had a negative net margin of 0.72% and a negative return on equity of 51.86%. As a group, sell-side analysts forecast that Porch Group, Inc. will post 0.02 EPS for the current fiscal year.

Insider Activity at Porch Group

In related news, COO Matthew Neagle sold 83,599 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $6.84, for a total transaction of $571,817.16. Following the completion of the transaction, the chief operating officer owned 2,607,657 shares of the company’s stock, valued at approximately $17,836,373.88. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matt Ehrlichman sold 145,882 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $6.84, for a total transaction of $997,832.88. Following the completion of the transaction, the chief executive officer directly owned 17,163,175 shares of the company’s stock, valued at approximately $117,396,117. This represents a 0.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 1,132,154 shares of company stock valued at $8,440,062. 23.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PRCH shares. Zacks Research upgraded shares of Porch Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Keefe, Bruyette & Woods upgraded shares of Porch Group from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $13.00 to $10.50 in a research note on Wednesday, February 11th. Finally, Benchmark reiterated a “buy” rating on shares of Porch Group in a research note on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Porch Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

Porch Group News Summary

Here are the key news stories impacting Porch Group this week:

• Positive Sentiment: Q1 results beat consensus — Porch reported EPS of ($0.04) vs. consensus ($0.10) and revenue of $109.4M vs. est. $94.0M; Adjusted EBITDA was $19.7M, signaling improved operating leverage. Read More.
• Positive Sentiment: Company raised FY2026 revenue guidance to $495M–$507M versus consensus ~$484M, implying confidence in growth for the rest of the year. Read More.
• Neutral Sentiment: Market commentary: Zacks summarizes the beat on revenue and narrower-than-expected loss, which helped sentiment today. Read More.
• Neutral Sentiment: Insider share sales disclosed on April 24 were executed to cover tax withholding for vested awards: CEO Matt Ehrlichman sold 123,518 shares (SEC filing), COO Matthew Neagle sold 63,979 shares (SEC filing), and CFO Shawn Tabak sold 7,875 shares (SEC filing). These were pre-announced/formal filings and described as tax-related. Read More. Read More. Read More.
• Negative Sentiment: Company remains unprofitable on the GAAP line (net loss ≈ $4.7M for Q1) with negative net margin and negative ROE, so investors should weigh growth vs. continued profitability pressures. Read More.

About Porch Group

Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company’s platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.

In addition to its core marketplace, Porch offers software products tailored for service professionals.