FY2026 Earnings Forecast for Porch Group Issued By B. Riley

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) - Analysts at B. Riley lifted their FY2026 earnings per share (EPS) estimates for Porch Group in a note issued to investors on Wednesday, August 6th. B. Riley analyst R. Binner now expects that the company will earn $0.12 per share for the year, up from their previous estimate of $0.10. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Porch Group's current full-year earnings is ($0.63) per share.

Porch Group (NASDAQ:PRCH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.16. Porch Group had a negative return on equity of 41.71% and a net margin of 12.82%. The business had revenue of $119.30 million during the quarter, compared to the consensus estimate of $98.06 million.

PRCH has been the subject of a number of other research reports. Keefe, Bruyette & Woods upped their price target on Porch Group from $6.00 to $7.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Oppenheimer boosted their target price on Porch Group from $14.00 to $17.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Loop Capital restated a "buy" rating and set a $13.00 target price (up previously from $6.00) on shares of Porch Group in a report on Wednesday, May 14th. Finally, Benchmark reaffirmed a "buy" rating and set a $17.00 price target (up from $12.00) on shares of Porch Group in a research report on Wednesday, July 30th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $12.43.

Porch Group Price Performance

Shares of PRCH stock traded up $0.53 during trading hours on Thursday, reaching $14.73. The company had a trading volume of 770,955 shares, compared to its average volume of 2,473,681. The business has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $8.48. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 29.03 and a beta of 2.72. Porch Group has a 12 month low of $1.09 and a 12 month high of $17.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Porch Group in the fourth quarter valued at approximately $176,000. Rhumbline Advisers increased its stake in Porch Group by 28.7% in the first quarter. Rhumbline Advisers now owns 99,436 shares of the company's stock valued at $725,000 after purchasing an additional 22,159 shares during the last quarter. GAMMA Investing LLC increased its stake in Porch Group by 801.6% in the first quarter. GAMMA Investing LLC now owns 91,285 shares of the company's stock valued at $665,000 after purchasing an additional 81,160 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Porch Group during the fourth quarter worth about $51,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Porch Group by 225.1% in the fourth quarter. JPMorgan Chase & Co. now owns 730,340 shares of the company's stock worth $3,593,000 after buying an additional 505,660 shares during the period. 48.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Porch Group news, CFO Shawn Tabak sold 30,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $11.23, for a total value of $336,900.00. Following the completion of the transaction, the chief financial officer owned 172,671 shares in the company, valued at $1,939,095.33. This trade represents a 14.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rachel Lam sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $15.21, for a total value of $380,250.00. Following the transaction, the director owned 177,991 shares in the company, valued at approximately $2,707,243.11. The trade was a 12.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,000 shares of company stock worth $2,664,500. 23.32% of the stock is owned by corporate insiders.

Porch Group Company Profile

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.