Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 7,875 shares of the company's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $7.68, for a total value of $60,480.00. Following the completion of the transaction, the chief financial officer directly owned 374,684 shares in the company, valued at $2,877,573.12. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Tuesday, April 21st, Shawn Tabak sold 7,730 shares of Porch Group stock. The shares were sold at an average price of $8.12, for a total value of $62,767.60.
- On Friday, April 17th, Shawn Tabak sold 8,367 shares of Porch Group stock. The shares were sold at an average price of $7.87, for a total value of $65,848.29.
- On Tuesday, April 14th, Shawn Tabak sold 17,697 shares of Porch Group stock. The shares were sold at an average price of $6.84, for a total value of $121,047.48.
- 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 value 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 value of $67,183.36.
Porch Group Stock Performance
PRCH stock opened at $8.59 on Wednesday. The stock has a market capitalization of $1.07 billion, a PE ratio of -171.80 and a beta of 3.09. Porch Group, Inc. has a 12-month low of $5.70 and a 12-month high of $19.44. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 17.20. The stock's 50 day simple moving average is $7.62 and its 200 day simple moving average is $9.34.
Porch Group (NASDAQ:PRCH - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.06. The business had revenue of $109.44 million for the quarter, compared to analysts' expectations of $93.99 million. Porch Group had a negative return on equity of 51.86% and a negative net margin of 0.72%. As a group, research analysts forecast that Porch Group, Inc. will post 0.02 earnings per share for the current fiscal year.
Porch Group News Roundup
Here are the key news stories impacting Porch Group this week:
- Positive Sentiment: Q1 results beat consensus — Porch reported EPS of ($0.04) vs. consensus ($0.10) and revenue of $109.4M vs. est. $94.0M; Adjusted EBITDA was $19.7M, signaling improved operating leverage. Read More.
- Positive Sentiment: Company raised FY2026 revenue guidance to $495M–$507M versus consensus ~$484M, implying confidence in growth for the rest of the year. Read More.
- Neutral Sentiment: Market commentary: Zacks summarizes the beat on revenue and narrower-than-expected loss, which helped sentiment today. Read More.
- Neutral Sentiment: Insider share sales disclosed on April 24 were executed to cover tax withholding for vested awards: CEO Matt Ehrlichman sold 123,518 shares (SEC filing), COO Matthew Neagle sold 63,979 shares (SEC filing), and CFO Shawn Tabak sold 7,875 shares (SEC filing). These were pre-announced/formal filings and described as tax-related. Read More. Read More. Read More.
- Negative Sentiment: Company remains unprofitable on the GAAP line (net loss ≈ $4.7M for Q1) with negative net margin and negative ROE, so investors should weigh growth vs. continued profitability pressures. Read More.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PRCH shares. Zacks Research upgraded shares of Porch Group from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. Keefe, Bruyette & Woods upgraded shares of Porch Group from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $13.00 to $10.50 in a research note on Wednesday, February 11th. Finally, Benchmark reiterated a "buy" rating on shares of Porch Group in a research note on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.21.
View Our Latest Stock Analysis on Porch Group
Institutional Investors Weigh In On Porch Group
A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Porch Group by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,657 shares of the company's stock valued at $350,000 after buying an additional 1,090 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Porch Group by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 80,410 shares of the company's stock worth $1,349,000 after purchasing an additional 1,200 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Porch Group by 9.4% in the 2nd quarter. Prudential Financial Inc. now owns 14,220 shares of the company's stock worth $168,000 after purchasing an additional 1,220 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of Porch Group by 956.3% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company's stock worth $26,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Porch Group by 444.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company's stock worth $31,000 after purchasing an additional 1,499 shares in the last quarter. 48.48% of the stock is currently owned by hedge funds and other institutional investors.
About Porch Group
(
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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