Porch Group, Inc. (NASDAQ:PRCH - Get Free Report) CFO Shawn Tabak sold 11,215 shares of the business's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $9.79, for a total transaction of $109,794.85. Following the sale, the chief financial officer directly owned 353,015 shares in the company, valued at $3,456,016.85. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 28th, Shawn Tabak sold 10,454 shares of Porch Group stock. The shares were sold at an average price of $8.11, for a total value of $84,781.94.
- On Friday, April 24th, Shawn Tabak sold 7,875 shares of Porch Group stock. The stock was sold at an average price of $7.68, for a total value of $60,480.00.
- On Tuesday, April 21st, Shawn Tabak sold 7,730 shares of Porch Group stock. The stock was 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 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 transaction of $55,298.10.
- On Tuesday, April 7th, Shawn Tabak sold 9,344 shares of Porch Group stock. The stock was sold at an average price of $7.19, for a total transaction of $67,183.36.
Porch Group Stock Performance
PRCH stock opened at $11.23 on Wednesday. The company has a debt-to-equity ratio of 14.87, a current ratio of 1.28 and a quick ratio of 1.28. Porch Group, Inc. has a 1 year low of $6.02 and a 1 year high of $19.44. The company has a market cap of $1.40 billion, a P/E ratio of -66.05 and a beta of 3.24. The stock's fifty day moving average price is $7.74 and its 200-day moving average price is $9.23.
Porch Group (NASDAQ:PRCH - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.06. The business had revenue of $109.44 million during the quarter, compared to analysts' expectations of $94.72 million. Porch Group had a negative net margin of 3.41% and a negative return on equity of 115.59%. On average, equities analysts forecast that Porch Group, Inc. will post -0.04 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Benchmark lifted their price target on shares of Porch Group from $21.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Zacks Research upgraded Porch Group from a "strong sell" rating to a "hold" rating in a 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 price target for the stock from $13.00 to $10.50 in a research note on Wednesday, February 11th. Finally, Stephens initiated coverage on shares of Porch Group in a report on Monday. They set an "overweight" rating and a $12.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.69.
Get Our Latest Research Report on Porch Group
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRCH. JPMorgan Chase & Co. lifted its position 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 worth $15,508,000 after purchasing an additional 450,560 shares during the period. Vanguard Group Inc. increased its holdings in Porch Group by 5.6% during the third 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. Harbor Capital Advisors Inc. raised its stake in Porch Group by 68.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 388,299 shares of the company's stock worth $3,545,000 after buying an additional 158,368 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in Porch Group by 1,897.9% in the third quarter. Tudor Investment Corp ET AL now owns 255,511 shares of the company's stock worth $4,287,000 after buying an additional 242,722 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Porch Group by 2,254.1% during the third quarter. Algert Global LLC now owns 759,664 shares of the company's stock worth $12,747,000 after buying an additional 727,394 shares during the period. 48.48% of the stock is currently owned by 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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