Porch Group (NASDAQ:PRCH) Posts Earnings Results, Beats Estimates By $0.09 EPS

Porch Group (NASDAQ:PRCH) posted its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.09, Zacks reports. Porch Group updated its FY 2025 guidance to EPS.

Porch Group Trading Down 3.6 %

Porch Group stock traded down $0.14 during midday trading on Tuesday, hitting $3.79. The stock had a trading volume of 2,355,639 shares, compared to its average volume of 1,168,100. Porch Group has a 52-week low of $1.05 and a 52-week high of $6.03. The company has a market capitalization of $453.07 million, a PE ratio of -5.41 and a beta of 2.03. The firm’s fifty day moving average is $4.77 and its two-hundred day moving average is $3.14.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Loop Capital restated a “hold” rating and issued a $6.00 price objective on shares of Porch Group in a research report on Monday, December 9th. Craig Hallum boosted their price target on Porch Group from $4.00 to $8.00 and gave the company a “buy” rating in a report on Friday, December 6th. Stephens increased their price objective on Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Porch Group in a research note on Tuesday, October 29th. Finally, Oppenheimer upped their target price on Porch Group from $4.00 to $7.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Porch Group has an average rating of “Moderate Buy” and a consensus price target of $5.34.

Insider Transactions at Porch Group

In other news, CFO Shawn Tabak sold 21,774 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $6.00, for a total value of $130,644.00. Following the completion of the transaction, the chief financial officer now owns 287,839 shares of the company’s stock, valued at $1,727,034. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.46% of the company’s stock.

Porch Group Company Profile

Porch Group, Inc, together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services.