Porch Group (PRCH) to Release Quarterly Earnings on Thursday

Porch Group (NASDAQ:PRCH) is anticipated to release its earnings data after the market closes on Thursday, March 6th. Analysts expect Porch Group to post earnings of $0.06 per share and revenue of $110.30 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Porch Group Stock Performance

NASDAQ:PRCH opened at $6.60 on Thursday. Porch Group has a 52-week low of $1.05 and a 52-week high of $6.92. The company has a market cap of $788.99 million, a P/E ratio of -9.43 and a beta of 2.03. The stock’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $3.18.

Wall Street Analysts Forecast Growth

PRCH has been the topic of several recent analyst reports. Benchmark boosted their price target on Porch Group from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer raised their target price on shares of Porch Group from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday. Craig Hallum upped their price target on shares of Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital upgraded shares of Porch Group from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Wednesday. Finally, Stephens boosted their price objective on shares of Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Porch Group has a consensus rating of “Buy” and a consensus price target of $5.84.

Insiders Place Their Bets

In other Porch Group news, CFO Shawn Tabak sold 21,774 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $6.00, for a total transaction of $130,644.00. Following the completion of the sale, the chief financial officer now directly owns 287,839 shares in the company, valued at $1,727,034. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.