Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $11.23, for a total transaction of $336,900.00. Following the sale, the chief financial officer now directly owns 172,671 shares of the company's stock, valued at approximately $1,939,095.33. This trade represents a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shawn Tabak also recently made the following trade(s):
- On Tuesday, April 15th, Shawn Tabak sold 10,000 shares of Porch Group stock. The stock was sold at an average price of $5.34, for a total transaction of $53,400.00.
Porch Group Trading Down 5.7%
Porch Group stock traded down $0.64 during mid-day trading on Friday, reaching $10.62. The company's stock had a trading volume of 1,990,090 shares, compared to its average volume of 2,164,206. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -15.17 and a beta of 2.63. The business has a 50 day moving average price of $8.11 and a 200-day moving average price of $6.28. Porch Group, Inc. has a twelve month low of $1.05 and a twelve month high of $12.20.
Porch Group (NASDAQ:PRCH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.09. The business had revenue of $104.75 million during the quarter, compared to analyst estimates of $79.44 million. On average, equities analysts expect that Porch Group, Inc. will post -0.63 EPS for the current fiscal year.
Institutional Investors Weigh In On Porch Group
A number of hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Porch Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,275 shares of the company's stock valued at $352,000 after buying an additional 2,002 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Porch Group by 23.7% in the first quarter. GAMMA Investing LLC now owns 12,522 shares of the company's stock worth $91,000 after purchasing an additional 2,397 shares during the period. Deutsche Bank AG lifted its holdings in Porch Group by 5.6% in the first quarter. Deutsche Bank AG now owns 53,845 shares of the company's stock worth $393,000 after purchasing an additional 2,872 shares during the period. FNY Investment Advisers LLC acquired a new stake in Porch Group in the first quarter worth about $29,000. Finally, CWM LLC lifted its holdings in Porch Group by 112.2% in the first 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 period. 48.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on PRCH shares. Oppenheimer increased their target price on shares of Porch Group from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods upped their price target on Porch Group from $6.00 to $7.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Benchmark upped their price target on Porch Group from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Stephens upped their price target on Porch Group from $8.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, Loop Capital reissued a "buy" rating and set a $13.00 price target (up previously from $6.00) on shares of Porch Group in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $8.89.
Check Out Our Latest Stock Analysis on Porch Group
Porch Group Company Profile
(
Get Free Report)
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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