Analysts Set Porch Group, Inc. (NASDAQ:PRCH) Price Target at $15.09

Porch Group, Inc. (NASDAQ:PRCHGet Rating) has received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.40.

Several equities analysts have issued reports on PRCH shares. JPMorgan Chase & Co. downgraded Porch Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 9th. Keefe, Bruyette & Woods restated a “downgrade” rating on shares of Porch Group in a research report on Monday, July 25th. Cantor Fitzgerald initiated coverage on Porch Group in a research report on Wednesday, August 10th. They set an “overweight” rating and a $8.00 target price for the company. Oppenheimer dropped their target price on Porch Group from $9.00 to $3.00 in a research report on Wednesday, November 9th. Finally, Northland Securities dropped their target price on Porch Group from $7.00 to $4.50 in a research report on Wednesday, November 9th.

Insider Activity

In other news, COO Matthew Neagle bought 100,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were bought at an average price of $2.20 per share, with a total value of $220,000.00. Following the completion of the transaction, the chief operating officer now owns 763,825 shares of the company’s stock, valued at $1,680,415. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Sean Davis Kell purchased 72,463 shares of Porch Group stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average price of $1.42 per share, with a total value of $102,897.46. Following the completion of the transaction, the director now directly owns 128,303 shares of the company’s stock, valued at approximately $182,190.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew Neagle bought 100,000 shares of Porch Group stock in a transaction on Monday, August 22nd. The stock was acquired at an average cost of $2.20 per share, for a total transaction of $220,000.00. Following the acquisition, the chief operating officer now owns 763,825 shares in the company, valued at approximately $1,680,415. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 497,463 shares of company stock valued at $663,647. 18.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Porch Group

A number of large investors have recently modified their holdings of PRCH. Nadler Financial Group Inc. acquired a new stake in shares of Porch Group in the 2nd quarter valued at $26,000. Brinker Capital Investments LLC acquired a new stake in shares of Porch Group in the 2nd quarter valued at $28,000. Brighton Jones LLC acquired a new stake in shares of Porch Group in the 2nd quarter valued at $28,000. Centiva Capital LP acquired a new stake in shares of Porch Group in the 2nd quarter valued at $29,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Porch Group in the 2nd quarter valued at $31,000.

Porch Group Trading Up 9.8 %

Shares of PRCH opened at $1.80 on Tuesday. The stock has a fifty day moving average price of $1.90 and a two-hundred day moving average price of $2.60. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.28 and a current ratio of 1.28. Porch Group has a 52-week low of $0.94 and a 52-week high of $25.75. The company has a market cap of $176.64 million, a price-to-earnings ratio of -1.20 and a beta of 0.57.

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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Analyst Recommendations for Porch Group (NASDAQ:PRCH)

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