Matthew Neagle Buys 315,000 Shares of Porch Group, Inc. (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCHGet Rating) COO Matthew Neagle bought 315,000 shares of Porch Group stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average cost of $1.05 per share, with a total value of $330,750.00. Following the completion of the transaction, the chief operating officer now owns 1,071,995 shares of the company’s stock, valued at $1,125,594.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matthew Neagle also recently made the following trade(s):

  • On Monday, August 22nd, Matthew Neagle bought 100,000 shares of Porch Group stock. The stock was purchased at an average cost of $2.20 per share, with a total value of $220,000.00.

Porch Group Stock Performance

Shares of NASDAQ:PRCH opened at $1.58 on Wednesday. Porch Group, Inc. has a twelve month low of $0.94 and a twelve month high of $27.50. The firm has a market cap of $155.05 million, a PE ratio of -0.96 and a beta of 0.57. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.28 and a current ratio of 1.28. The business has a fifty day moving average of $1.93 and a 200-day moving average of $2.62.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PRCH. Oppenheimer reduced their target price on Porch Group from $9.00 to $3.00 in a research report on Wednesday, November 9th. Keefe, Bruyette & Woods reaffirmed a “downgrade” rating on shares of Porch Group in a research report on Monday, July 25th. Cantor Fitzgerald began coverage on Porch Group in a research report on Wednesday, August 10th. They issued an “overweight” rating and a $8.00 target price for the company. Northland Securities reduced their target price on Porch Group from $7.00 to $4.50 in a research report on Wednesday, November 9th. Finally, JPMorgan Chase & Co. lowered Porch Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.63.

Institutional Trading of Porch Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Porch Group in the first quarter valued at $325,000. Private Advisor Group LLC acquired a new stake in shares of Porch Group in the second quarter valued at $31,000. Integrated Advisors Network LLC acquired a new stake in shares of Porch Group in the first quarter valued at $103,000. Premier Fund Managers Ltd bought a new position in Porch Group in the first quarter valued at about $1,277,000. Finally, AlphaCrest Capital Management LLC boosted its holdings in Porch Group by 182.9% in the first quarter. AlphaCrest Capital Management LLC now owns 111,124 shares of the company’s stock valued at $772,000 after acquiring an additional 71,844 shares during the last quarter.

About Porch Group

(Get Rating)

Porch Group, Inc operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers.

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Insider Buying and Selling by Quarter for Porch Group (NASDAQ:PRCH)

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