Emerald Mutual Fund Advisers Trust Invests $357,000 in Porch Group, Inc. (NASDAQ:PRCH)

Emerald Mutual Fund Advisers Trust acquired a new position in Porch Group, Inc. (NASDAQ:PRCH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 72,535 shares of the company's stock, valued at approximately $357,000. Emerald Mutual Fund Advisers Trust owned about 0.06% of Porch Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PRCH. Nisa Investment Advisors LLC grew its position in Porch Group by 5,776.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company's stock worth $33,000 after purchasing an additional 6,527 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Porch Group in the fourth quarter valued at approximately $35,000. Rik Saylor Financial Inc. purchased a new stake in shares of Porch Group during the fourth quarter valued at approximately $49,000. GAMMA Investing LLC bought a new stake in Porch Group during the fourth quarter worth $50,000. Finally, Raymond James Financial Inc. purchased a new position in Porch Group in the fourth quarter worth $50,000. Institutional investors own 48.48% of the company's stock.

Analyst Upgrades and Downgrades

PRCH has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their target price on Porch Group from $3.50 to $6.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Oppenheimer raised their price objective on shares of Porch Group from $7.00 to $8.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Benchmark boosted their target price on shares of Porch Group from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Loop Capital raised shares of Porch Group from a "hold" rating to a "buy" rating and set a $6.00 target price for the company in a research report on Wednesday, February 26th. Finally, Stephens lifted their price target on shares of Porch Group from $8.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. 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.com, the company presently has a consensus rating of "Buy" and a consensus price target of $7.32.

Insiders Place Their Bets

In other news, CFO Shawn Tabak sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $5.34, for a total value of $53,400.00. Following the completion of the transaction, the chief financial officer now directly owns 218,580 shares in the company, valued at approximately $1,167,217.20. This trade represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Matthew Neagle sold 27,328 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $6.99, for a total transaction of $191,022.72. Following the transaction, the chief operating officer now directly owns 1,356,729 shares of the company's stock, valued at approximately $9,483,535.71. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,554 shares of company stock worth $1,273,590 over the last 90 days. Corporate insiders own 23.46% of the company's stock.

Porch Group Trading Up 3.9 %

Shares of PRCH stock traded up $0.24 during trading on Friday, reaching $6.38. 1,606,066 shares of the company's stock traded hands, compared to its average volume of 1,875,716. The firm's 50-day moving average is $6.15 and its 200 day moving average is $4.77. The company has a market capitalization of $766.01 million, a P/E ratio of -9.11 and a beta of 2.15. Porch Group, Inc. has a 1 year low of $1.05 and a 1 year high of $8.49.

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.