Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 10,454 shares of the firm's stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $8.11, for a total transaction of $84,781.94. Following the sale, the chief financial officer directly owned 364,230 shares of the company's stock, valued at approximately $2,953,905.30. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 Friday, April 24th, Shawn Tabak sold 7,875 shares of Porch Group stock. The shares were sold at an average price of $7.68, for a total transaction of $60,480.00.
- 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 transaction 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 transaction 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 transaction of $121,047.48.
- On Thursday, April 9th, Shawn Tabak sold 7,734 shares of Porch Group stock. The stock was 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 Trading Down 4.9%
NASDAQ PRCH opened at $9.63 on Friday. Porch Group, Inc. has a one year low of $5.83 and a one year high of $19.44. The company has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $9.35. The company has a debt-to-equity ratio of 14.87, a quick ratio of 1.30 and a current ratio of 1.28. The firm has a market capitalization of $1.20 billion, a PE ratio of -56.64 and a beta of 3.09.
Porch Group (NASDAQ:PRCH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Porch Group had a negative net margin of 3.41% and a negative return on equity of 115.59%. The business had revenue of $109.44 million during the quarter, compared to analyst estimates of $94.72 million. On average, equities analysts forecast that Porch Group, Inc. will post 0.02 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRCH. AQR Capital Management LLC grew its position in Porch Group by 134.7% during the first quarter. AQR Capital Management LLC now owns 226,795 shares of the company's stock valued at $1,653,000 after purchasing an additional 130,166 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Porch Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,275 shares of the company's stock valued at $352,000 after purchasing an additional 2,002 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Porch Group by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,064 shares of the company's stock worth $8,464,000 after acquiring an additional 26,119 shares in the last quarter. Creative Planning bought a new stake in Porch Group in the second quarter worth approximately $136,000. Finally, Legal & General Group Plc raised its stake in Porch Group by 1,203.8% during the 2nd quarter. Legal & General Group Plc now owns 108,759 shares of the company's stock valued at $1,282,000 after purchasing an additional 100,417 shares during the last quarter. 48.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PRCH has been the topic of several analyst reports. Zacks Research raised shares of Porch Group from a "strong sell" rating to a "hold" rating in a research report on Friday, March 6th. Keefe, Bruyette & Woods raised shares of Porch Group from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $13.00 to $10.50 in a research report on Wednesday, February 11th. Finally, Benchmark lifted their target price on shares of Porch Group from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.36.
Get Our Latest Report on Porch Group
Key Porch Group News
Here are the key news stories impacting Porch Group this week:
- Positive Sentiment: Q1 beat and raised guidance — Porch reported Q1 revenue of $109.4M and EPS (‑$0.04) that beat consensus, and management raised FY2026 revenue guidance, citing stronger insurance and marketplace trends. This supports upside to growth and margins. Q1 Earnings Call Highlights
- Positive Sentiment: Analyst support — Oppenheimer (reported coverage) put a buy on PRCH, adding institutional recognition that can help sentiment and liquidity. Oppenheimer Buy Note
- Neutral Sentiment: Regulatory/risk disclosure unchanged — the company filed an updated risk disclosure entry (Regulation category) but did not add material new risks; watch for any follow‑ups. Risk Disclosure Item
- Negative Sentiment: Large insider sales (April 28 filings) — CEO Matt Ehrlichman, COO Matthew Neagle and CFO Shawn Tabak sold substantial blocks (combined six‑figure proceeds) reported as tax‑withholding related to vested awards. Even if labelled tax sales, the size and timing can prompt selling pressure and investor concern. CEO filing: CEO Form 4 • COO filing: COO Form 4 • CFO filing: CFO Form 4
- Negative Sentiment: GAAP unprofitability remains — despite improved adjusted metrics (Adjusted EBITDA), Porch reported a small GAAP net loss (~$4.7M in Q1) and negative ROE/net margin, which keeps valuation and execution risk elevated. Q1 Results Release
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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