Porch Group (PRCH) Expected to Announce Earnings on Tuesday

Porch Group (NASDAQ:PRCH) is expected to post its quarterly earnings results 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 listening to the company’s earnings conference call can do so using this link.

Porch Group Trading Down 10.0 %

Shares of PRCH stock opened at $4.33 on Monday. The stock has a market cap of $517.61 million, a price-to-earnings ratio of -6.19 and a beta of 2.03. The stock has a 50-day moving average of $4.81 and a 200-day moving average of $3.12. Porch Group has a 1-year low of $1.05 and a 1-year high of $6.03.

Insider Buying and Selling at Porch Group

In other Porch Group news, CFO Shawn Tabak sold 21,774 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.00, for a total value of $130,644.00. Following the completion of the sale, the chief financial officer now owns 287,839 shares of the company’s stock, valued at approximately $1,727,034. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $7.00 price target on shares of Porch Group in a research note on Tuesday, October 29th. Loop Capital reissued a “hold” rating and issued a $6.00 price target on shares of Porch Group in a research note on Monday, December 9th. Oppenheimer raised their target price on Porch Group from $4.00 to $7.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Craig Hallum raised their target price on Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Stephens raised their target price on Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.34.

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.