D.A. Davidson & CO. purchased a new position in Porch Group, Inc. (NASDAQ:PRCH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 164,671 shares of the company's stock, valued at approximately $810,000. D.A. Davidson & CO. owned approximately 0.14% of Porch Group at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in Porch Group by 5,776.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company's stock valued at $33,000 after acquiring an additional 6,527 shares in the last quarter. Rik Saylor Financial Inc. bought a new stake in shares of Porch Group during the fourth quarter worth approximately $49,000. GAMMA Investing LLC acquired a new position in shares of Porch Group in the fourth quarter valued at about $50,000. Rhumbline Advisers boosted its stake in shares of Porch Group by 30.4% in the fourth quarter. Rhumbline Advisers now owns 77,277 shares of the company's stock valued at $380,000 after buying an additional 18,024 shares during the period. Finally, SG Americas Securities LLC lifted its position in Porch Group by 73.0% during the fourth quarter. SG Americas Securities LLC now owns 47,187 shares of the company's stock worth $232,000 after purchasing an additional 19,915 shares during the period. Institutional investors and hedge funds own 48.48% of the company's stock.
Insider Buying and Selling
In other Porch Group news, CFO Shawn Tabak sold 108,226 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $6.05, for a total transaction of $654,767.30. Following the completion of the sale, the chief financial officer now owns 179,613 shares of the company's stock, valued at approximately $1,086,658.65. This represents a 37.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.46% of the stock is owned by insiders.
Porch Group Stock Up 4.3 %
Shares of NASDAQ PRCH traded up $0.29 during trading on Friday, reaching $6.99. The company had a trading volume of 3,767,890 shares, compared to its average volume of 2,196,505. The stock has a market cap of $835.61 million, a P/E ratio of -9.99 and a beta of 2.03. The company's fifty day moving average price is $4.82 and its 200-day moving average price is $3.21. Porch Group, Inc. has a 12 month low of $1.05 and a 12 month high of $7.19.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on PRCH shares. Oppenheimer lifted their price target on Porch Group from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Wednesday. Loop Capital raised shares of Porch Group from a "hold" rating to a "buy" rating and set a $6.00 target price on the stock in a research note on Wednesday. Stephens raised their price objective on Porch Group from $4.00 to $5.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Benchmark upped their target price on Porch Group from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Craig Hallum lifted their price target on Porch Group from $4.00 to $8.00 and gave the company 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $5.84.
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Porch Group Profile
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Free Report)
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.
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