B. Riley Upgrades Porch Group (NASDAQ:PRCH) to "Strong-Buy"

Porch Group (NASDAQ:PRCH - Get Free Report) was upgraded by analysts at B. Riley to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports. 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.

Other research analysts have also issued research reports about the stock. Stephens increased their target price on shares of Porch Group from $8.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. 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. 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 research report on Wednesday, May 14th. Benchmark increased their target price on shares of Porch Group from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Porch Group from $6.00 to $7.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $10.28.

Porch Group Stock Performance

PRCH traded down $0.14 on Monday, reaching $12.30. The company had a trading volume of 1,282,806 shares, compared to its average volume of 2,185,445. Porch Group has a fifty-two week low of $1.05 and a fifty-two week high of $12.83. The stock has a market cap of $1.49 billion, a P/E ratio of -87.86 and a beta of 2.67. The company's fifty day moving average is $9.91 and its 200 day moving average is $6.96.

Porch Group (NASDAQ:PRCH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.09. The business had revenue of $104.75 million for the quarter, compared to analyst estimates of $79.44 million. On average, sell-side analysts expect that Porch Group will post -0.63 EPS for the current year.

Insider Activity

In other news, CFO Shawn Tabak sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.23, for a total transaction of $336,900.00. Following the completion of the sale, the chief financial officer owned 172,671 shares of the company's stock, valued at approximately $1,939,095.33. This represents a 14.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rachel Lam sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $10.75, for a total transaction of $268,750.00. Following the sale, 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. In the last 90 days, insiders sold 475,000 shares of company stock worth $4,895,150. Insiders own 23.32% of the company's stock.

Hedge Funds Weigh In On Porch Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRCH. FNY Investment Advisers LLC bought a new position in Porch Group in the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp bought a new position in Porch Group in the 4th quarter valued at approximately $35,000. Raymond James Financial Inc. bought a new position in Porch Group in the 4th quarter valued at approximately $50,000. Ameriprise Financial Inc. bought a new position in Porch Group in the 4th quarter valued at approximately $51,000. Finally, Tower Research Capital LLC TRC lifted its stake in Porch Group by 91.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,017 shares of the company's stock valued at $54,000 after purchasing an additional 5,273 shares during the last quarter. Institutional investors own 48.48% of the company's stock.

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.