87,415 Shares in Porch Group, Inc. (NASDAQ:PRCH) Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC bought a new position in shares of Porch Group, Inc. (NASDAQ:PRCH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,415 shares of the company's stock, valued at approximately $430,000. Boothbay Fund Management LLC owned approximately 0.07% of Porch Group as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC raised 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 during the period. Jones Financial Companies Lllp bought a new position in Porch Group during the 4th quarter valued at approximately $35,000. Rik Saylor Financial Inc. bought a new position in shares of Porch Group during the fourth quarter valued at approximately $49,000. GAMMA Investing LLC purchased a new stake in shares of Porch Group in the 4th quarter worth about $50,000. Finally, Raymond James Financial Inc. bought a new stake in Porch Group during the 4th quarter valued at approximately $50,000. 48.48% of the stock is currently owned by institutional investors.

Porch Group Trading Down 2.0 %

NASDAQ:PRCH traded down $0.13 during trading hours on Monday, reaching $6.25. The company had a trading volume of 2,182,062 shares, compared to its average volume of 1,882,300. The firm has a market cap of $750.40 million, a price-to-earnings ratio of -8.93 and a beta of 2.44. Porch Group, Inc. has a 52 week low of $1.05 and a 52 week high of $8.49. The firm's 50 day moving average price is $6.15 and its 200-day moving average price is $4.81.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PRCH shares. Stephens lifted their price target on shares of Porch Group from $8.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Keefe, Bruyette & Woods raised their price objective 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 increased their target price on Porch Group from $7.00 to $8.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Benchmark upped their price target on shares of Porch Group from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Loop Capital upgraded shares of Porch Group from a "hold" rating to a "buy" rating and set a $6.00 target price on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $7.32.

Insider Transactions at Porch Group

In other Porch Group news, COO Matthew Neagle sold 60,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.24, for a total value of $374,400.00. Following the completion of the transaction, the chief operating officer now directly owns 1,384,057 shares in the company, valued at $8,636,515.68. This represents a 4.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shawn Tabak sold 108,226 shares of Porch Group stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $6.05, for a total transaction of $654,767.30. Following the sale, the chief financial officer now owns 179,613 shares in the company, valued at approximately $1,086,658.65. The trade was a 37.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 205,554 shares of company stock worth $1,273,590 in the last three months. Corporate insiders own 23.46% of the company's stock.

Porch Group 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.