243,000 Shares in Porch Group, Inc. (NASDAQ:PRCH) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC purchased a new position in shares of Porch Group, Inc. (NASDAQ:PRCH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 243,000 shares of the company’s stock, valued at approximately $1,196,000. Thompson Siegel & Walmsley LLC owned approximately 0.20% of Porch Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in PRCH. Portolan Capital Management LLC purchased a new stake in shares of Porch Group during the third quarter worth approximately $613,000. Citizens Financial Group Inc. RI increased its position in shares of Porch Group by 128.6% during the third quarter. Citizens Financial Group Inc. RI now owns 400,000 shares of the company’s stock worth $614,000 after purchasing an additional 225,000 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Porch Group in the 4th quarter valued at $810,000. Geode Capital Management LLC grew its holdings in Porch Group by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,987,881 shares of the company’s stock valued at $3,052,000 after buying an additional 163,133 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Porch Group in the 3rd quarter valued at $238,000. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Craig Hallum upped their target price on Porch Group from $4.00 to $8.00 and gave the company a “buy” rating in a report on Friday, December 6th. Benchmark upped their target price on Porch Group from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Keefe, Bruyette & Woods upped their target price on Porch Group from $3.50 to $6.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Loop Capital upgraded Porch Group from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a report on Wednesday, February 26th. Finally, Oppenheimer increased their price target on Porch Group from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Porch Group currently has a consensus rating of “Buy” and a consensus target price of $6.41.

Porch Group Trading Up 6.5 %

Shares of NASDAQ:PRCH opened at $5.94 on Friday. The business has a 50-day moving average price of $5.05 and a 200 day moving average price of $3.60. The company has a market capitalization of $713.18 million, a price-to-earnings ratio of -8.49 and a beta of 2.04. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $7.30.

Insider Buying and Selling at Porch Group

In other Porch Group news, CFO Shawn Tabak sold 108,226 shares of Porch Group stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $6.05, for a total value of $654,767.30. Following the completion of the transaction, the chief financial officer now directly owns 179,613 shares of the company’s stock, valued at $1,086,658.65. The trade was a 37.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.46% of the stock is currently owned by corporate insiders.

Porch Group 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.