Porch Group
PRCH

$2.11

11.85%

Market Cap: 209M

About: Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment software and services provide inspection, mortgage, and title companies on a subscription and transactional basis, several key businesses, including inspection software and services, title insurance software, mortgage software, moving services, mover and homeowner marketing, and measurement software for roofers. The insurance segment provides consumers with insurance and warranty products to protect their homes, earning revenue through premiums collected on policies, policy fees, and commissions.

Employees: 864

Information Technology Prepackaged Software

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

524% more call options, than puts

Call options by funds: $2.55M | Put options by funds: $409K

158% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 12

49% more capital invested

Capital invested by funds: $147M [Q4 2023] → $219M (+$71.8M) [Q1 2024]

20% more funds holding

Funds holding: 94 [Q4 2023] → 113 (+19) [Q1 2024]

3.64% more ownership

Funds ownership: 48.47% [Q4 2023] → 52.12% (+3.64%) [Q1 2024]

3% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 30

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$3

42%

upside

Avg. target

$4.29

103%

upside

High target

$6

184%

upside

7 analyst ratings

4 positive

57%

3 neutral

43%

0 negative

0%

Keefe, Bruyette & Woods Ryan Tomasello	78%upside $3.75	Market Perform Maintained	2 Jul 2024
Stephens & Co. John Campbell	184%upside $6	Overweight Reiterated	11 Apr 2024
Cantor Fitzgerald Josh Siegler	137%upside $5	Overweight Maintained	3 Apr 2024
Keefe, Bruyette & Woods Ryan Tomasello	78%upside $3.75	Market Perform Maintained	22 Mar 2024
Keefe, Bruyette & Woods Ryan Tomasello	66%upside $3.5	Market Perform Maintained	11 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about PRCH published over the past 30 days

Porch Group to Release Second Quarter 2024 Earnings on August 6, 2024

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the second quarter ended June 30, 2024, after markets close on Tuesday, August 6, 2024. Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, August 6, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time.

Porch Group to Release Second Quarter 2024 Earnings on August 6, 2024

Zacks Investment Research

Porch Group (PRCH) Upgraded to Strong Buy: What Does It Mean for the Stock?

Porch Group (PRCH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Porch Group (PRCH) Upgraded to Strong Buy: What Does It Mean for the Stock?

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Porch Group: Insurance Margin Expansion To Drive Upside Potential

PRCH stock has seen strong price appreciation, up over 62% since initial coverage, but YTD performance has been underwhelming. The insurance segment is PRCH's largest and fastest-growing business, and improvements in this segment could positively affect share performance. PRCH's Q1 results showed positive trends in insurance metrics, and the company's data advantages could unlock more upside in the insurance business.

Porch Group: Insurance Margin Expansion To Drive Upside Potential

Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. In its complaint, Porch alleged that the Chinese lender conspired with employees of Vesttoo, a now-bankrupt Israeli insurance firm, to issue fake reinsurance letters of credit, Reuters reported Friday (May 10).

Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud

Thrive Market Hires April Lane as Chief Merchandising Officer

LOS ANGELES--(BUSINESS WIRE)--Thrive Market, the healthy and sustainable online grocery store, has named April Lane its Chief Merchandiser. Lane brings decades of e-commerce experience to her role and has a significant track record of advancing e-commerce merchandising at scale. As the Chief Merchandising officer, Lane will be responsible for the site's merchandising, which spans Food, Home, Health, and Beauty. She will also manage the Food Safety and Quality (FSQA) team, which oversees food qu.

Thrive Market Hires April Lane as Chief Merchandising Officer

Porch Group Announces Attendance At Upcoming Investor Events

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: May 16, 2024: Needham Technology, Media and Consumer Conference (virtual) May 22, 2024: JP Morgan Global Technology, Media and Communications Conference (Boston) May 22, 2024: KBW.

Porch Group Announces Attendance At Upcoming Investor Events

Porch Group, Inc. (PRCH) Q1 2024 Earnings Call Transcript

Porch Group, Inc. (NASDAQ:PRCH ) Q1 2024 Results Conference Call May 8, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - CEO, Chairman, and Founder Shawn Tabak - Chief Financial Officer Matthew Neagle - Chief Operating Officer Efram Ware - President and General Manager, Homeowners of America Conference Call Participants Jonathan Bass - Stephens Ryan Tomasello - KBW Mark Schappell - Loop Capital Markets Lois Perkins Good afternoon. Everyone, and thank you for participating in Porch Group's First Quarter 2024 Conference Call.

Porch Group, Inc. (PRCH) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Porch Group, Inc. (PRCH) Reports Q1 Loss, Tops Revenue Estimates

Porch Group, Inc. (PRCH) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.39 per share a year ago.

Porch Group, Inc. (PRCH) Reports Q1 Loss, Tops Revenue Estimates

See News Rankings