JPMorgan Chase & Co. Has $345,000 Stock Holdings in Porch Group, Inc. (NASDAQ:PRCH)

JPMorgan Chase & Co. decreased its holdings in Porch Group, Inc. (NASDAQ:PRCH) by 54.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 224,680 shares of the company’s stock after selling 263,390 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Porch Group worth $345,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Porch Group by 186.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company’s stock valued at $5,794,000 after purchasing an additional 2,457,915 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Porch Group by 223.4% during the third quarter. GSA Capital Partners LLP now owns 1,532,616 shares of the company’s stock worth $2,353,000 after buying an additional 1,058,653 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in shares of Porch Group during the 3rd quarter valued at $613,000. Sei Investments Co. bought a new stake in Porch Group during the 2nd quarter worth $477,000. Finally, Marshall Wace LLP increased its holdings in Porch Group by 11.8% in the 2nd quarter. Marshall Wace LLP now owns 2,152,174 shares of the company’s stock worth $3,250,000 after purchasing an additional 226,721 shares in the last quarter. Institutional investors and hedge funds own 48.48% of the company’s stock.

Porch Group Stock Performance

NASDAQ:PRCH opened at $4.15 on Thursday. The business’s fifty day moving average is $4.75 and its 200 day moving average is $2.79. Porch Group, Inc. has a 52-week low of $1.05 and a 52-week high of $6.03. The firm has a market cap of $496.09 million, a price-to-earnings ratio of -5.93 and a beta of 2.05.

Porch Group (NASDAQ:PRCH) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $111.20 million for the quarter. During the same period in the previous year, the company earned ($0.12) EPS. Equities analysts predict that Porch Group, Inc. will post -0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PRCH. Oppenheimer boosted their price target on Porch Group from $4.00 to $7.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Benchmark restated a “buy” rating and issued a $7.00 price objective on shares of Porch Group in a report on Tuesday, October 29th. Stephens increased their target price on shares of Porch Group from $4.00 to $5.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Craig Hallum raised their price target on shares of Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Loop Capital reiterated a “hold” rating and set a $6.00 price target on shares of Porch Group in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5.34.

Insider Transactions at Porch Group

In related news, CFO Shawn Tabak sold 21,774 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $6.00, for a total value of $130,644.00. Following the completion of the transaction, the chief financial officer now directly owns 287,839 shares in the company, valued at approximately $1,727,034. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.46% of the company’s stock.

Porch Group Company Profile

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.