Porch Group (NASDAQ:PRCH - Get Free Report) will likely be releasing its earnings data after the market closes on Tuesday, February 25th. Analysts expect Porch Group to post earnings of $0.06 per share and revenue of $110.30 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Porch Group Price Performance
NASDAQ PRCH traded down $0.48 on Friday, hitting $4.33. The company had a trading volume of 1,004,407 shares, compared to its average volume of 1,078,488. The company has a market capitalization of $517.61 million, a PE ratio of -6.19 and a beta of 2.03. Porch Group has a 12-month low of $1.05 and a 12-month high of $6.03. The company's fifty day moving average price is $4.83 and its 200-day moving average price is $3.08.
Insider Transactions at Porch Group
In other news, CFO Shawn Tabak sold 21,774 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $6.00, for a total value of $130,644.00. Following the transaction, the chief financial officer now owns 287,839 shares in the company, valued at approximately $1,727,034. This represents a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on PRCH shares. Stephens boosted their price target on shares of Porch Group from $4.00 to $5.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Craig Hallum increased their price objective on Porch Group from $4.00 to $8.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Loop Capital restated a "hold" rating and issued a $6.00 target price on shares of Porch Group in a research report on Monday, December 9th. Oppenheimer increased their price target on Porch Group from $4.00 to $7.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Benchmark restated a "buy" rating and issued a $7.00 price objective on shares of Porch Group in a report on Tuesday, October 29th. 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, Porch Group presently has a consensus rating of "Moderate Buy" and an average price target of $5.34.
Read Our Latest Stock Analysis on PRCH
About Porch Group
(
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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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