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S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
Copper Exploration Heating Up (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
YIKES! 220 Pounds of Graphite in Each EV Battery? (Ad)
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
Copper Exploration Heating Up (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
YIKES! 220 Pounds of Graphite in Each EV Battery? (Ad)
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
Copper Exploration Heating Up (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
YIKES! 220 Pounds of Graphite in Each EV Battery? (Ad)
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
NASDAQ:PRCH

Porch Group - PRCH Stock Forecast, Price & News

$2.23
+0.19 (+9.31%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.06
$2.29
50-Day Range
$0.95
$2.47
52-Week Range
$0.94
$21.12
Volume
1.70 million shs
Average Volume
2.70 million shs
Market Capitalization
$224.25 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.10

Porch Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
442.8% Upside
$12.10 Price Target
Short Interest
Bearish
14.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Porch Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$617,792 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.15) to ($0.80) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Computer And Technology Sector

360th out of 635 stocks

Prepackaged Software Industry

139th out of 219 stocks

PRCH stock logo

About Porch Group (NASDAQ:PRCH) Stock

Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property related insurance policies through our own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

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PRCH Stock News Headlines

Nasdaq Gains Over 100 Points; Crude Oil Drops Sharply
Dow Rises Over 100 Points; US Manufacturing PMI Drops In November
A Look Into Porch Group's Debt
Porch Group Reports Third Quarter 2022 Results
Porch Arm Partners with Strategus
Porch Group Inc - Ordinary Shares - Class A
See More Headlines
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PRCH Company Calendar

Last Earnings
8/16/2021
Today
12/02/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:PRCH
Fax
N/A
Employees
1,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.10
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+442.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$-106,610,000.00
Pretax Margin
-53.31%

Debt

Sales & Book Value

Annual Sales
$192.43 million
Book Value
$1.14 per share

Miscellaneous

Free Float
81,812,000
Market Cap
$224.25 million
Optionable
Not Optionable
Beta
0.75

Key Executives

  • Mr. Matthew Ehrlichman (Age 42)
    Founder, Chairman & CEO
    Comp: $1.27M
  • Mr. Martin L. Heimbigner CPA (Age 64)
    Chief Financial Officer
    Comp: $555k
  • Mr. Matthew Neagle (Age 43)
    Chief Operating Officer
    Comp: $782.36k
  • Mr. Ronnie Castro
    Co-Founder & VP of Homeowner Operations
  • Nicole Pelley
    Sr. VP of Product & Technology
  • Ms. Emily Lear
    Head of Investor Relations & Treasury Mang.
  • Mr. Matthew Cullen
    Gen. Counsel & Sec.
  • Ms. Janet Zimmermann
    VP of People
  • Mr. Adam Kornick
    Pres of InsurTech Division
  • Mr. Andrew Beck
    Head of Contractor Tools SaaS













PRCH Stock - Frequently Asked Questions

Should I buy or sell Porch Group stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Porch Group in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PRCH shares.
View PRCH analyst ratings
or view top-rated stocks.

What is Porch Group's stock price forecast for 2023?

11 brokers have issued 1-year price targets for Porch Group's shares. Their PRCH share price forecasts range from $3.00 to $25.00. On average, they predict the company's stock price to reach $12.10 in the next year. This suggests a possible upside of 442.8% from the stock's current price.
View analysts price targets for PRCH
or view top-rated stocks among Wall Street analysts.

How have PRCH shares performed in 2022?

Porch Group's stock was trading at $15.59 at the start of the year. Since then, PRCH stock has decreased by 85.7% and is now trading at $2.23.
View the best growth stocks for 2022 here
.

When is Porch Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our PRCH earnings forecast
.

How were Porch Group's earnings last quarter?

Porch Group, Inc. (NASDAQ:PRCH) announced its earnings results on Monday, August, 16th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.06. The company earned $51.34 million during the quarter, compared to analysts' expectations of $46.01 million. Porch Group had a negative trailing twelve-month return on equity of 56.54% and a negative net margin of 54.23%.

What guidance has Porch Group issued on next quarter's earnings?

Porch Group updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $275.00 million-$275.00 million, compared to the consensus revenue estimate of $289.84 million.

What is Porch Group's stock symbol?

Porch Group trades on the NASDAQ under the ticker symbol "PRCH."

Who are Porch Group's major shareholders?

Porch Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Park West Asset Management LLC (9.82%), Villere ST Denis J & Co. LLC (6.30%), BlackRock Inc. (5.74%), Vanguard Group Inc. (3.49%), Riverbridge Partners LLC (2.62%) and State Street Corp (2.03%). Insiders that own company stock include Asha Sharma, Javier Saade, Matt Ehrlichman, Matthew Neagle, Rachel Lam and Sean Davis Kell.
View institutional ownership trends
.

How do I buy shares of Porch Group?

Shares of PRCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Porch Group's stock price today?

One share of PRCH stock can currently be purchased for approximately $2.23.

How much money does Porch Group make?

Porch Group (NASDAQ:PRCH) has a market capitalization of $224.25 million and generates $192.43 million in revenue each year. The company earns $-106,610,000.00 in net income (profit) each year or ($1.46) on an earnings per share basis.

How many employees does Porch Group have?

The company employs 1,700 workers across the globe.

How can I contact Porch Group?

Porch Group's mailing address is 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA, 90045. The official website for the company is porch.com. The company can be reached via phone at 855-767-2400 or via email at prch@gatewayir.com.

This page (NASDAQ:PRCH) was last updated on 12/2/2022 by MarketBeat.com Staff