Key Points
- Porch Group CEO Matt Ehrlichman sold 145,882 shares on April 14 at an average price of $6.84 for about $997,833 to cover tax withholding on vested equity, leaving him with 17,163,175 shares (≈$117.4M), a 0.84% reduction in his position.
- Ehrlichman has conducted multiple recent sales (April 2, 7, 9 and 14), totaling 345,330 shares for roughly $2.43 million in proceeds.
- For context, PRCH trades near $7.71 with a 1‑year range of $4.64–$19.44, a market cap of about $960M and negative earnings, while analysts have a consensus "Moderate Buy" rating and a $17.21 target price.
Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 17,697 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $6.84, for a total transaction of $121,047.48. Following the completion of the sale, the chief financial officer directly owned 398,656 shares of the company's stock, valued at approximately $2,726,807.04. This represents a 4.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Shawn Tabak also recently made the following trade(s):
- On Thursday, April 9th, Shawn Tabak sold 7,734 shares of Porch Group stock. The shares were sold at an average price of $7.15, for a total transaction of $55,298.10.
- On Tuesday, April 7th, Shawn Tabak sold 9,344 shares of Porch Group stock. The shares were sold at an average price of $7.19, for a total transaction of $67,183.36.
Porch Group Stock Performance
Shares of Porch Group stock opened at $7.71 on Friday. The company has a debt-to-equity ratio of 17.20, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $959.59 million, a P/E ratio of -154.20 and a beta of 3.09. The firm has a 50 day simple moving average of $7.61 and a 200 day simple moving average of $9.89. Porch Group, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $19.44.
Porch Group (NASDAQ:PRCH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.05. The business had revenue of $112.25 million during the quarter, compared to analyst estimates of $109.13 million. Porch Group had a negative net margin of 0.72% and a negative return on equity of 51.86%. Sell-side analysts predict that Porch Group, Inc. will post -0.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Porch Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Porch Group by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,252,134 shares of the company's stock valued at $121,691,000 after buying an additional 384,451 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Porch Group by 95.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 924,180 shares of the company's stock valued at $15,508,000 after buying an additional 450,560 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Porch Group by 68.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 388,299 shares of the company's stock valued at $3,545,000 after buying an additional 158,368 shares during the period. Algert Global LLC grew its holdings in shares of Porch Group by 2,254.1% in the 3rd quarter. Algert Global LLC now owns 759,664 shares of the company's stock valued at $12,747,000 after buying an additional 727,394 shares during the period. Finally, Divisadero Street Capital Management LP grew its holdings in shares of Porch Group by 6.7% in the 3rd quarter. Divisadero Street Capital Management LP now owns 2,606,883 shares of the company's stock valued at $43,743,000 after buying an additional 163,271 shares during the period. Institutional investors and hedge funds own 48.48% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on PRCH. Keefe, Bruyette & Woods raised shares of Porch Group from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $13.00 to $10.50 in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Porch Group in a report on Monday, December 29th. Benchmark reaffirmed a "buy" rating on shares of Porch Group in a report on Friday, January 16th. Finally, Zacks Research raised shares of Porch Group from a "strong sell" rating to a "hold" rating in a report on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.21.
Check Out Our Latest Report on PRCH
Porch Group Company Profile
(
Get Free Report)
Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company's platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.
In addition to its core marketplace, Porch offers software products tailored for service professionals.
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