PropTech Acquisition (PTAC) Stock Price, News & Analysis

Company Overview

PropTech Acquisition Corporation was a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the real estate technology sector. Unlike an operating company, it did not offer a broad portfolio of products or services to customers; its principal activity was raising capital through an initial public offering and pursuing a business combination.

The company focused on companies developing technology for the real estate industry, including software, data tools and digital services intended to improve property transactions, management and related services. PropTech Acquisition Corporation ultimately completed a business combination with Porch.com, a software and services platform for the home services industry. Following that transaction, the combined company operated as Porch Group, Inc., and the SPAC ceased to function as a standalone operating entity.

PropTech Acquisition Corporation was associated with Thomas H. Hennessy, who served as a director and executive involved in the SPAC's formation and transaction activities. The company was incorporated in Delaware and pursued its investment mandate primarily in the United States. Its historical Nasdaq symbol was PTAC.

Key Stats

• Today's Range: $9.99 to $9.99
• 50-Day Range: $7.18 to $10.08
• 52-Week Range: $9.74 to $10.10
• Volume: 3,004 shs
• Average Volume: 51,519 shs
• Market Capitalization: $172.16 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Sell

PropTech Acquisition Stock Analysis - MarketRank™

PropTech Acquisition scored higher than 30% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.7 / 5
• Analyst Rating: Sell

Consensus Rating

PropTech Acquisition has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no strong buy ratings, no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

PropTech Acquisition has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: N/A
• Proj. Earnings Growth: N/A

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.00% of the float of PropTech Acquisition has been sold short.

Short Interest Ratio / Days to Cover

PropTech Acquisition has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PropTech Acquisition has recently decreased by 37.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

PropTech Acquisition does not currently pay a dividend.

Dividend Growth

PropTech Acquisition does not have a long track record of dividend growth.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.39

News Sentiment

PropTech Acquisition has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for PropTech Acquisition this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, PropTech Acquisition insiders have not sold or bought any company stock.

Percentage Held by Institutions

80.35% of the stock of PropTech Acquisition is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: N/A
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: NASDAQ:PTAC
• CIK: 2099095
• Web: proptechacquisition.com
• Phone: 847 477 7963
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 17,250,000
• Free Float: N/A
• Market Cap: $172.16 million
• Optionable: Not Optionable
• Beta: N/A