PRCH stock icon

Porch Group
PRCH

$1.55
4.98%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 6 analysts
News positive %

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]

Research analyst outlook

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

Low target
$3
94%
upside
Avg. target
$4.38
182%
upside
High target
$6
287%
upside

6 analyst ratings

positive
67%
neutral
33%
negative
0%
Stephens & Co.
John Campbell
287%upside
$6
Overweight
Reiterated
11 Apr 2024
Cantor Fitzgerald
Josh Siegler
223%upside
$5
Overweight
Maintained
3 Apr 2024
Keefe, Bruyette & Woods
Ryan Tomasello
142%upside
$3.75
Market Perform
Maintained
22 Mar 2024
Keefe, Bruyette & Woods
Ryan Tomasello
126%upside
$3.5
Market Perform
Maintained
11 Mar 2024
Craig-Hallum
Jason Kreyer
223%upside
$5
Buy
Maintained
8 Mar 2024

Financial journalist opinion