Thompson Siegel & Walmsley LLC Makes New $1.20 Million Investment in Porch Group, Inc. (NASDAQ:PRCH)

Thompson Siegel & Walmsley LLC acquired a new stake in shares of Porch Group, Inc. (NASDAQ:PRCH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 243,000 shares of the company's stock, valued at approximately $1,196,000. Thompson Siegel & Walmsley LLC owned about 0.20% of Porch Group at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its position in Porch Group by 5,776.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company's stock worth $33,000 after purchasing an additional 6,527 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Porch Group in the fourth quarter worth $35,000. Rik Saylor Financial Inc. bought a new stake in Porch Group in the fourth quarter worth $49,000. Raymond James Financial Inc. bought a new stake in Porch Group in the fourth quarter worth $50,000. Finally, GAMMA Investing LLC bought a new stake in Porch Group in the fourth quarter worth $50,000. Institutional investors own 48.48% of the company's stock.

Insider Activity

In related news, CFO Shawn Tabak sold 108,226 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $6.05, for a total value of $654,767.30. Following the completion of the sale, the chief financial officer now directly owns 179,613 shares of the company's stock, valued at $1,086,658.65. This represents a 37.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.46% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on PRCH. Loop Capital upgraded shares of Porch Group from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a research report on Wednesday, February 26th. Benchmark lifted their price objective on shares of Porch Group from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Porch Group from $3.50 to $6.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Oppenheimer lifted their price objective on shares of Porch Group from $7.00 to $8.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, Craig Hallum lifted their price objective on shares of Porch Group from $4.00 to $8.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Porch Group presently has a consensus rating of "Buy" and an average target price of $6.41.

Porch Group Trading Up 0.3 %

Shares of PRCH traded up $0.02 during trading hours on Wednesday, reaching $6.27. 2,405,339 shares of the company traded hands, compared to its average volume of 1,706,482. The firm has a market cap of $752.80 million, a price-to-earnings ratio of -8.96 and a beta of 2.04. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $7.30. The stock's fifty day moving average price is $5.09 and its 200 day moving average price is $3.70.

Porch Group Profile

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.