Porch Group (NASDAQ:PRCH) Earns "Hold" Rating from Loop Capital

Loop Capital reiterated their hold rating on shares of Porch Group (NASDAQ:PRCH - Free Report) in a report published on Monday morning, Marketbeat.com reports. They currently have a $6.00 target price on the stock.

Other equities analysts also recently issued research reports about the company. Stephens lifted their price objective on Porch Group from $4.00 to $5.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Craig Hallum raised their target price on Porch Group from $4.00 to $8.00 and gave the company a "buy" rating in a research note on Friday. Benchmark reiterated a "buy" rating and set a $7.00 price target on shares of Porch Group in a research report on Tuesday, October 29th. Finally, Cantor Fitzgerald raised shares of Porch Group to a "strong-buy" rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.34.

Porch Group Price Performance

Shares of NASDAQ:PRCH traded down $0.36 during trading on Monday, reaching $5.15. The stock had a trading volume of 2,085,796 shares, compared to its average volume of 1,588,787. The stock has a market capitalization of $615.63 million, a PE ratio of -7.67 and a beta of 2.13. Porch Group has a 52 week low of $1.05 and a 52 week high of $5.70. The business's 50-day moving average price is $2.53 and its 200 day moving average price is $1.96.

Insider Activity

In other news, CFO Shawn Tabak sold 15,000 shares of the company's stock in a transaction dated Monday, October 28th. The stock was 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 $556,596. This represents a 5.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.46% of the company's stock.

Institutional Investors Weigh In On Porch Group

Several large investors have recently bought and sold shares of PRCH. Zacks Investment Management bought a new position in shares of Porch Group during the third quarter worth $32,000. Mackenzie Financial Corp raised its stake in Porch Group by 102.4% during the 2nd quarter. Mackenzie Financial Corp now owns 23,908 shares of the company's stock worth $36,000 after buying an additional 12,097 shares during the period. Caprock Group LLC bought a new position in Porch Group during the third quarter worth about $37,000. SG Americas Securities LLC acquired a new position in Porch Group in the third quarter valued at about $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Porch Group in the third quarter worth about $46,000. Institutional investors own 48.48% of the company's stock.

Porch Group Company 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.