B. Riley Has Bullish Outlook for Porch Group FY2026 Earnings

Key Points

• B. Riley has increased its FY2026 earnings forecast for Porch Group to $0.12 per share, up from a previous estimate of $0.10, maintaining a "Strong-Buy" rating on the stock.
• Other analysts have also raised their target prices, with Oppenheimer increasing theirs from $14.00 to $17.00, while Keefe, Bruyette & Woods and Loop Capital also raised their targets for shares of Porch Group.
• Porch Group reported a quarterly earnings beat, posting $0.03 EPS against a consensus estimate of ($0.13), with revenue of $119.30 million, exceeding expectations of $98.06 million.

Porch Group, Inc. (NASDAQ:PRCH - Free Report) - B. Riley upped their FY2026 earnings estimates for Porch Group in a research report issued on Wednesday, August 6th. B. Riley analyst R. Binner now forecasts that the company will post earnings of $0.12 per share for the year, up from their prior forecast of $0.10. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for Porch Group's current full-year earnings is ($0.63) per share.

Several other research analysts have also recently commented on PRCH. Oppenheimer raised their target price on Porch Group from $14.00 to $17.00 and gave the stock an "outperform" rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their target price on shares of Porch Group from $6.00 to $7.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Loop Capital reiterated a "buy" rating and set a $13.00 target price (up previously from $6.00) on shares of Porch Group in a research report on Wednesday, May 14th. Finally, Benchmark reaffirmed a "buy" rating and set a $17.00 price objective (up from $12.00) on shares of Porch Group in a research note on Wednesday, July 30th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $11.28.

Porch Group Trading Up 0.4%

Shares of PRCH stock opened at $16.10 on Thursday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 31.61 and a beta of 2.72. Porch Group has a 1 year low of $1.05 and a 1 year high of $17.38. The firm's fifty day simple moving average is $11.90 and its 200 day simple moving average is $8.29.

Porch Group (NASDAQ:PRCH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.16. Porch Group had a negative return on equity of 31.73% and a net margin of 12.82%. The business had revenue of $119.30 million for the quarter, compared to analyst estimates of $98.06 million.

Insider Activity

In other news, Director Alan R. Pickerill sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.26, for a total transaction of $450,400.00. Following the completion of the transaction, the director directly owned 182,416 shares of the company's stock, valued at $2,054,004.16. This trade represents a 17.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rachel Lam sold 25,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $10.75, for a total transaction of $268,750.00. Following the completion of the transaction, the director directly owned 202,991 shares of the company's stock, valued at approximately $2,182,153.25. This trade represents a 10.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 465,000 shares of company stock worth $4,841,750 over the last three months. Company insiders own 23.32% of the company's stock.

Institutional Investors Weigh In On Porch Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of Porch Group in the second quarter valued at $33,000. FNY Investment Advisers LLC acquired a new position in shares of Porch Group in the first quarter valued at approximately $29,000. CWM LLC lifted its holdings in Porch Group by 112.2% during the 1st quarter. CWM LLC now owns 8,732 shares of the company's stock worth $64,000 after purchasing an additional 4,617 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Porch Group in the 4th quarter valued at $50,000. Finally, Ameriprise Financial Inc. acquired a new stake in Porch Group in the 4th quarter worth about $51,000. 48.48% of the stock is owned by institutional investors.

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.

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