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

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

Porch Group Stock Performance

PRCH traded down $0.14 during mid-day trading on Tuesday, reaching $3.79. 2,355,639 shares of the stock were exchanged, compared to its average volume of 1,168,100. Porch Group has a 1 year low of $1.05 and a 1 year high of $6.03. The stock has a market capitalization of $453.07 million, a PE ratio of -5.41 and a beta of 2.03. The company has a 50 day moving average price of $4.77 and a two-hundred day moving average price of $3.14.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CFO Shawn Tabak sold 21,774 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $6.00, for a total transaction of $130,644.00. Following the completion of the transaction, the chief financial officer now directly owns 287,839 shares of the company’s stock, valued at $1,727,034. This represents a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.46% of the stock is currently owned by insiders.

About Porch Group

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.