Analysts Set Porch Group, Inc. (NASDAQ:PRCH) Target Price at $17.21

Shares of Porch Group, Inc. (NASDAQ:PRCH) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.2143.

Several analysts have recently commented on PRCH shares. Zacks Research raised shares of Porch Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Benchmark restated a “buy” rating on shares of Porch Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods raised shares of Porch Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $13.00 to $10.50 in a report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Porch Group in a research report on Monday, December 29th.

Institutional Trading of Porch Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osbon Capital Management LLC acquired a new position in Porch Group in the fourth quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd grew its stake in shares of Porch Group by 956.3% during 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 during the period. Larson Financial Group LLC increased its holdings in shares of Porch Group by 444.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock valued at $31,000 after purchasing an additional 1,499 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Porch Group during the 4th quarter valued at approximately $38,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Porch Group in the 3rd quarter valued at $39,000. 48.48% of the stock is owned by institutional investors and hedge funds.

Porch Group Trading Up 2.1%

Shares of NASDAQ:PRCH opened at $7.32 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 17.20. Porch Group has a 52-week low of $4.64 and a 52-week high of $19.44. The stock has a market cap of $911.05 million, a price-to-earnings ratio of -146.40 and a beta of 3.09. The business has a 50-day moving average price of $7.70 and a 200-day moving average price of $10.67.

Porch Group (NASDAQ:PRCH) last issued its earnings results on Wednesday, February 11th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Porch Group had a negative return on equity of 51.86% and a negative net margin of 0.72%.The firm had revenue of $112.25 million for the quarter, compared to analyst estimates of $109.13 million. Equities analysts predict that Porch Group will post -0.63 EPS for the current year.

About Porch Group

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.