Porch Group (PRCH) to Release Quarterly Earnings on Thursday

Porch Group (NASDAQ:PRCH) is projected to release its earnings data after the market closes on Thursday, March 6th. Analysts expect Porch Group to post earnings of $0.06 per share and revenue of $110.30 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Porch Group Stock Down 2.2 %

PRCH opened at $6.77 on Wednesday. The firm’s 50 day moving average is $4.92 and its 200-day moving average is $3.36. Porch Group has a 52-week low of $1.05 and a 52-week high of $7.19. The firm has a market capitalization of $809.31 million, a P/E ratio of -9.67 and a beta of 2.03.

Analysts Set New Price Targets

PRCH has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Porch Group from $3.50 to $6.00 and gave the stock a “market perform” rating in a research note on Monday. Benchmark lifted their target price on Porch Group from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Loop Capital upgraded Porch Group from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, February 26th. Stephens raised their price objective on Porch Group from $4.00 to $5.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Oppenheimer lifted their price objective on Porch Group from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $6.41.

Insider Buying and Selling

In related news, CFO Shawn Tabak sold 108,226 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $6.05, for a total transaction of $654,767.30. Following the sale, the chief financial officer now owns 179,613 shares in the company, valued at $1,086,658.65. This represents a 37.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.46% of the stock is currently owned by company insiders.

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.