Insider Buying: Porch Group, Inc. (NASDAQ:PRCH) Director Purchases 72,463 Shares of Stock

Porch Group, Inc. (NASDAQ:PRCHGet Rating) Director Sean Davis Kell purchased 72,463 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average cost of $1.42 per share, for a total transaction of $102,897.46. Following the completion of the acquisition, the director now directly owns 128,303 shares in the company, valued at approximately $182,190.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Porch Group Price Performance

PRCH stock opened at $1.80 on Friday. 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 company’s 50 day moving average is $1.90 and its 200 day moving average is $2.60. Porch Group, Inc. has a 1-year low of $0.94 and a 1-year high of $25.75.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PRCH shares. Keefe, Bruyette & Woods reissued a “downgrade” rating on shares of Porch Group in a report on Monday, July 25th. Northland Securities dropped their price objective on shares of Porch Group from $7.00 to $4.50 in a report on Wednesday, November 9th. JPMorgan Chase & Co. downgraded shares of Porch Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 9th. Cantor Fitzgerald started coverage on shares of Porch Group in a report on Wednesday, August 10th. They set an “overweight” rating and a $8.00 price objective on the stock. Finally, Oppenheimer dropped their price objective on shares of Porch Group from $9.00 to $3.00 in a report on Wednesday, November 9th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Providence Capital Advisors LLC bought a new position in shares of Porch Group in the first quarter worth approximately $44,000. JPMorgan Chase & Co. grew its position in Porch Group by 1.3% during the first quarter. JPMorgan Chase & Co. now owns 497,530 shares of the company’s stock valued at $3,454,000 after acquiring an additional 6,377 shares during the last quarter. Hardy Reed LLC bought a new position in Porch Group during the first quarter valued at approximately $45,000. Synovus Financial Corp grew its position in Porch Group by 68.4% during the second quarter. Synovus Financial Corp now owns 19,489 shares of the company’s stock valued at $50,000 after acquiring an additional 7,917 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Porch Group during the first quarter valued at approximately $69,000.

About Porch Group

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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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