Porch Group (PRCH) Projected to Post Quarterly Earnings on Tuesday

Porch Group (NASDAQ:PRCH) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Porch Group to post earnings of $0.06 per share and revenue of $110.30 million for the quarter.

Porch Group Trading Down 6.8 %

Porch Group stock opened at $4.81 on Friday. Porch Group has a 12 month low of $1.05 and a 12 month high of $6.03. The business’s fifty day simple moving average is $4.83 and its two-hundred day simple moving average is $3.08. The company has a market capitalization of $574.99 million, a price-to-earnings ratio of -6.87 and a beta of 2.03.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Craig Hallum lifted their target price 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. Oppenheimer boosted their price objective on shares of Porch Group from $4.00 to $7.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Stephens increased their target price on Porch Group from $4.00 to $5.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Loop Capital reissued a “hold” rating and issued a $6.00 target price on shares of Porch Group in a report on Monday, December 9th. Finally, Benchmark reissued a “buy” rating and issued a $7.00 target price on shares of Porch Group in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.34.

Insider Transactions at Porch Group

In other Porch Group news, CFO Shawn Tabak sold 21,774 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $6.00, for a total value of $130,644.00. Following the completion of the sale, the chief financial officer now owns 287,839 shares in the company, valued at approximately $1,727,034. This represents a 7.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.46% of the company’s stock.

About Porch Group

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.