Mirador Capital Partners LP Has $209,000 Stake in Porch Group, Inc. (NASDAQ:PRCH)

Mirador Capital Partners LP lowered its holdings in Porch Group, Inc. (NASDAQ:PRCH - Free Report) by 56.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,542 shares of the company's stock after selling 54,177 shares during the quarter. Mirador Capital Partners LP's holdings in Porch Group were worth $209,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in shares of Porch Group during the fourth quarter valued at $50,000. Zacks Investment Management bought a new position in Porch Group during the 3rd quarter valued at about $32,000. Caprock Group LLC bought a new position in Porch Group during the 3rd quarter valued at about $37,000. Mackenzie Financial Corp boosted its position in Porch Group by 102.4% in the second quarter. Mackenzie Financial Corp now owns 23,908 shares of the company's stock valued at $36,000 after buying an additional 12,097 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Porch Group during the third quarter worth about $42,000. Institutional investors and hedge funds own 48.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $7.00 target price on shares of Porch Group in a research note on Tuesday, October 29th. Craig Hallum lifted their price objective on Porch Group from $4.00 to $8.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Oppenheimer increased their target price on Porch Group from $4.00 to $7.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Stephens lifted their price target on Porch Group from $4.00 to $5.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Loop Capital reissued a "hold" rating and set a $6.00 price objective on shares of Porch Group in a report on Monday, December 9th. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5.34.

Porch Group Trading Down 2.7 %

Porch Group stock traded down $0.13 during mid-day trading on Friday, hitting $4.62. The stock had a trading volume of 670,750 shares, compared to its average volume of 1,360,491. Porch Group, Inc. has a 12 month low of $1.05 and a 12 month high of $6.03. The stock has a market capitalization of $552.27 million, a PE ratio of -6.60 and a beta of 2.05. The stock has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $2.61.

Insider Activity

In other news, CFO Shawn Tabak sold 21,774 shares of Porch Group stock in a transaction on Monday, December 16th. The shares were sold at an average price of $6.00, for a total transaction of $130,644.00. Following the transaction, the chief financial officer now directly owns 287,839 shares of the company's stock, valued at $1,727,034. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.46% of the stock is currently owned by company insiders.

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.