Tudor Investment Corp ET AL Raises Stock Holdings in Porch Group, Inc. $PRCH

Tudor Investment Corp ET AL boosted its stake in Porch Group, Inc. (NASDAQ:PRCH) by 1,897.9% during the third quarter, HoldingsChannel reports. The firm owned 255,511 shares of the company’s stock after buying an additional 242,722 shares during the period. Tudor Investment Corp ET AL’s holdings in Porch Group were worth $4,287,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in Porch Group by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 29,657 shares of the company’s stock worth $350,000 after buying an additional 1,090 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Porch Group by 1.5% during the third quarter. Alliancebernstein L.P. now owns 80,410 shares of the company’s stock worth $1,349,000 after acquiring an additional 1,200 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Porch Group by 9.4% during the second quarter. Prudential Financial Inc. now owns 14,220 shares of the company’s stock worth $168,000 after acquiring an additional 1,220 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of Porch Group by 956.3% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company’s stock worth $26,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Porch Group by 444.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock worth $31,000 after acquiring an additional 1,499 shares during the last quarter. 48.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRCH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Porch Group in a report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Porch Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods upgraded shares of Porch Group from a “market perform” rating to an “outperform” rating and cut their price target for the company from $13.00 to $10.50 in a research report on Wednesday, February 11th. Finally, Zacks Research raised Porch Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.21.

Porch Group Trading Up 0.4%

NASDAQ:PRCH opened at $7.48 on Thursday. The firm has a market capitalization of $930.96 million, a P/E ratio of -149.60 and a beta of 3.05. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 17.20. The company has a fifty day moving average of $7.84 and a 200 day moving average of $11.06. Porch Group, Inc. has a 52 week low of $4.64 and a 52 week high of $19.44.

Porch Group (NASDAQ:PRCH) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. Porch Group had a negative net margin of 0.72% and a negative return on equity of 51.86%. The business had revenue of $112.25 million for the quarter, compared to analyst estimates of $109.13 million. On average, research analysts predict that Porch Group, Inc. will post -0.63 earnings per share for the current year.

Porch Group Company Profile

Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company’s platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.

In addition to its core marketplace, Porch offers software products tailored for service professionals.