Porch Group (NASDAQ:PRCH) Upgraded at B. Riley

Porch Group (NASDAQ:PRCH - Get Free Report) was upgraded by B. Riley to a "strong-buy" rating in a report issued 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 equities analysts also recently issued research reports about the company. Stephens raised their price target on Porch Group from $8.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Loop Capital reaffirmed a "buy" rating and issued a $13.00 price objective (up previously from $6.00) on shares of Porch Group in a research report on Wednesday, May 14th. Benchmark boosted their price target on Porch Group from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Oppenheimer boosted their price target on Porch Group from $8.00 to $9.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods boosted 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Porch Group presently has an average rating of "Buy" and an average price target of $10.28.

Porch Group Stock Performance

PRCH stock traded down $0.14 during midday trading on Monday, hitting $12.30. 1,282,806 shares of the stock were exchanged, compared to its average volume of 2,188,561. The stock's 50-day moving average price is $10.04 and its 200-day moving average price is $7.02. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -87.86 and a beta of 2.67. Porch Group has a fifty-two week low of $1.05 and a fifty-two week high of $12.83.

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

Insiders Place Their Bets

In other Porch Group news, Director Rachel Lam sold 25,000 shares of the stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan R. Pickerill sold 40,000 shares of the 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 transaction, the director directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 475,000 shares of company stock valued at $4,895,150 in the last quarter. 23.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Porch Group

Several large investors have recently modified their holdings of PRCH. FNY Investment Advisers LLC bought a new stake in shares of Porch Group during the 1st quarter worth $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Porch Group in the fourth quarter worth $35,000. Raymond James Financial Inc. acquired a new stake in shares of Porch Group in the fourth quarter worth $50,000. Ameriprise Financial Inc. acquired a new stake in shares of Porch Group in the fourth quarter worth $51,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Porch Group by 91.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,017 shares of the company's stock worth $54,000 after buying an additional 5,273 shares during the period. 48.48% of the stock is owned by institutional investors.

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.