Porch Group (PRCH) Expected to Announce Earnings on Tuesday

Porch Group (NASDAQ:PRCH) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $110.30 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Porch Group Trading Down 10.0 %

Shares of Porch Group stock opened at $4.33 on Monday. The business’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $3.12. Porch Group has a 12 month low of $1.05 and a 12 month high of $6.03. The firm has a market capitalization of $517.61 million, a P/E ratio of -6.19 and a beta of 2.03.

Insider Activity

In related news, CFO Shawn Tabak sold 21,774 shares of Porch Group stock in a transaction that occurred 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stephens lifted their target price on Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Loop Capital reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Porch Group in a research report on Monday, December 9th. Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Porch Group in a research note on Tuesday, October 29th. Oppenheimer raised their price target on shares of Porch Group from $4.00 to $7.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Craig Hallum upped their price objective on Porch Group from $4.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.34.

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.