GSA Capital Partners LLP Has $2.35 Million Stake in Porch Group, Inc. (NASDAQ:PRCH)

GSA Capital Partners LLP grew its stake in Porch Group, Inc. (NASDAQ:PRCH - Free Report) by 223.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,532,616 shares of the company's stock after purchasing an additional 1,058,653 shares during the period. GSA Capital Partners LLP owned approximately 1.29% of Porch Group worth $2,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Porch Group in the first quarter valued at $120,000. Natixis acquired a new stake in shares of Porch Group during the 1st quarter worth about $3,906,000. Lazard Asset Management LLC purchased a new position in shares of Porch Group during the first quarter valued at approximately $525,000. Alpine Global Management LLC acquired a new stake in Porch Group during the first quarter worth approximately $43,000. Finally, Bayesian Capital Management LP acquired a new position in Porch Group in the 1st quarter valued at $80,000. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Porch Group

In other news, CFO Shawn Tabak sold 15,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the sale, the chief financial officer now directly owns 278,298 shares of the company's stock, valued at approximately $556,596. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.46% of the company's stock.

Wall Street Analyst Weigh In

PRCH has been the topic of a number of recent analyst reports. Oppenheimer cut their price target on shares of Porch Group from $4.50 to $3.50 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Cantor Fitzgerald upgraded Porch Group to a "strong-buy" rating in a report on Tuesday, August 13th. Craig Hallum raised their target price on shares of Porch Group from $3.00 to $4.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Benchmark reissued a "buy" rating and issued a $7.00 price objective on shares of Porch Group in a research report on Tuesday, October 29th. Finally, Stephens increased their target price on Porch Group from $4.00 to $5.00 and gave the company an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Porch Group has a consensus rating of "Buy" and a consensus price target of $4.18.

Porch Group Price Performance

Shares of NASDAQ PRCH traded up $0.07 during mid-day trading on Tuesday, hitting $3.25. The company had a trading volume of 957,116 shares, compared to its average volume of 1,452,858. The stock has a market cap of $386.01 million, a price-to-earnings ratio of -4.69 and a beta of 1.98. The firm's 50 day simple moving average is $1.63 and its two-hundred day simple moving average is $1.86. Porch Group, Inc. has a 12 month low of $1.00 and a 12 month high of $4.78.

About Porch Group

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.