Porch Group (PRCH) Stock Price, News & Analysis

Company Overview

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. This segment offers inspection software and services, title insurance software, mortgage software, moving services, mover and homeowner marketing, and measurement software for roofers. The Insurance segment offers consumers with insurance and warranty products to protect their homes. This segment provides property-related insurance and captive reinsurance products; and warranty products under the Porch Warranty, American Home Protect, and Residential Warranty Services brands. The company was founded in 2011 and is headquartered in Seattle, Washington.

Key Stats

• Today's Range: $4.32 to $5.17
• 50-Day Range: $1.28 to $5.82
• 52-Week Range: $1.05 to $6.03
• Volume: 3.64 million shs
• Average Volume: 1.61 million shs
• Market Capitalization: $608.48 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.34
• Consensus Rating: Moderate Buy

Porch Group Stock Analysis - MarketRank™

Porch Group scored higher than 39% of companies evaluated by MarketBeat, and ranked 335th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Porch Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Porch Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Porch Group are expected to grow in the coming year, from ($0.63) to ($0.45) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Porch Group is -7.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Porch Group is -7.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

13.77% of the float of Porch Group has been sold short.

Short Interest Ratio / Days to Cover

Porch Group has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Porch Group has recently decreased by 1.45%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Porch Group does not currently pay a dividend.

Dividend Growth

Porch Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.77% of the float of Porch Group has been sold short.

Short Interest Ratio / Days to Cover

Porch Group has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Porch Group has recently decreased by 1.45%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.20

News Sentiment

Porch Group has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Porch Group this week, compared to 2 articles on an average week.

Search Interest

Only 20 people have searched for PRCH on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Porch Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Porch Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $160,644.00 in company stock.

Percentage Held by Insiders

23.46% of the stock of Porch Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

48.48% of the stock of Porch Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PRCH Stock Analysis - Frequently Asked Questions

How have PRCH shares performed this year?

Porch Group's stock was trading at $3.08 at the beginning of 2024. Since then, PRCH shares have increased by 65.3% and is now trading at $5.09.
View the best growth stocks for 2024 here.

How were Porch Group's earnings last quarter?

Porch Group, Inc. (NASDAQ:PRCH) posted its earnings results on Tuesday, August, 6th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by $0.07. The business earned $110.84 million during the quarter, compared to analyst estimates of $117.91 million.

Who are Porch Group's major shareholders?

Porch Group's top institutional investors include Harbor Capital Advisors Inc. (3.18%), Geode Capital Management LLC (1.67%), State Street Corp (1.40%) and GSA Capital Partners LLP (1.29%). Insiders that own company stock include Matt Ehrlichman, Park West Asset Management Llc, Matthew Neagle, Shawn Tabak, Sean Davis Kell and Camilla Velasquez.
View institutional ownership trends.

How do I buy shares of Porch Group?

Shares of PRCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Porch Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Porch Group investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD) and Tesla (TSLA).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:PRCH
• CUSIP: N/A
• CIK: 1784535
• Web: porch.com
• Phone: 855-767-2400
• Fax: N/A
• Employees: 1,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.34
• High Stock Price Target: $8.00
• Low Stock Price Target: $1.50
• Potential Upside/Downside: +5.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.70)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-133,930,000.00
• Net Margins: -14.55%
• Pretax Margin: -14.27%
• Return on Equity: N/A
• Return on Assets: -10.57%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.83
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $452.10 million
• Price / Sales: 1.35
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.37) per share
• Price / Book: -13.76

Miscellaneous

• Outstanding Shares: 119,544,000
• Free Float: 91,499,000
• Market Cap: $608.48 million
• Optionable: Optionable
• Beta: 2.14