Porch Group (NASDAQ:PRCH) Earns Buy Rating from Analysts at B. Riley

B. Riley initiated coverage on shares of Porch Group (NASDAQ:PRCH - Free Report) in a research report sent to investors on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Porch Group's Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.23) EPS and FY2026 earnings at $0.10 EPS.

PRCH has been the subject of a number of other research reports. Keefe, Bruyette & Woods increased their price objective 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. Oppenheimer increased their price target 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. Stephens raised their price target on shares of Porch Group from $8.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Loop Capital reaffirmed a "buy" rating and set a $13.00 price objective (up from $6.00) on shares of Porch Group in a report on Wednesday, May 14th. Finally, Benchmark increased their target price on Porch Group from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Porch Group currently has a consensus rating of "Buy" and a consensus target price of $10.28.

Porch Group Trading Down 1.1%

PRCH traded down $0.14 on Tuesday, hitting $12.30. 1,282,806 shares of the stock traded hands, compared to its average volume of 2,185,445. The business has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $7.01. The firm has a market capitalization of $1.49 billion, a PE ratio of -87.86 and a beta of 2.67. Porch Group has a 52 week low of $1.05 and a 52 week high of $12.83.

Porch Group (NASDAQ:PRCH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.09. The firm had revenue of $104.75 million for the quarter, compared to the consensus estimate of $79.44 million. On average, equities research analysts forecast that Porch Group will post -0.63 EPS for the current fiscal year.

Insider Activity

In related news, COO Matthew Neagle sold 60,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $9.94, for a total transaction of $596,400.00. Following the completion of the sale, the chief operating officer directly owned 1,078,080 shares of the company's stock, valued at $10,716,115.20. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan R. Pickerill sold 40,000 shares of Porch Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $11.26, for a total value of $450,400.00. Following the completion of the transaction, the director owned 182,416 shares of the company's stock, valued at approximately $2,054,004.16. The trade was a 17.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 475,000 shares of company stock valued at $4,895,150 over the last three months. 23.32% of the stock is owned by corporate insiders.

Institutional Trading of Porch Group

Large investors have recently made changes to their positions in the business. Portolan Capital Management LLC raised its holdings in shares of Porch Group by 476.0% in the fourth quarter. Portolan Capital Management LLC now owns 2,299,635 shares of the company's stock valued at $11,314,000 after buying an additional 1,900,416 shares during the last quarter. Granahan Investment Management LLC increased its position in Porch Group by 19.0% in the 4th quarter. Granahan Investment Management LLC now owns 11,891,581 shares of the company's stock valued at $58,507,000 after acquiring an additional 1,897,816 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Porch Group in the fourth quarter worth about $8,550,000. Invesco Ltd. raised its stake in shares of Porch Group by 4,365.6% in the fourth quarter. Invesco Ltd. now owns 1,682,286 shares of the company's stock worth $8,277,000 after acquiring an additional 1,644,614 shares during the last quarter. Finally, Monashee Investment Management LLC acquired a new position in shares of Porch Group during the first quarter worth approximately $11,300,000. Institutional investors own 48.48% of the company's stock.

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.