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

Porch Group (NASDAQ:PRCH) released its earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) 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 Price Performance

Shares of PRCH traded down $0.14 during midday trading on Tuesday, reaching $3.79. 2,355,639 shares of the stock were exchanged, compared to its average volume of 1,168,100. The business’s 50-day moving average price is $4.77 and its 200 day moving average price is $3.14. Porch Group has a twelve month low of $1.05 and a twelve month high of $6.03. The company has a market capitalization of $453.07 million, a price-to-earnings ratio of -5.41 and a beta of 2.03.

Wall Street Analyst Weigh In

PRCH has been the subject of a number of recent analyst reports. Craig Hallum lifted their price target on Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital reaffirmed a “hold” rating and set a $6.00 price target on shares of Porch Group in a report on Monday, December 9th. Benchmark reaffirmed a “buy” rating and set a $7.00 price target on shares of Porch Group in a report on Tuesday, October 29th. Stephens lifted their price target on Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Oppenheimer lifted their price target on Porch Group from $4.00 to $7.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Porch Group has an average rating of “Moderate Buy” and an average target price of $5.34.

Insider Activity at Porch Group

In related news, CFO Shawn Tabak sold 21,774 shares of the business’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 transaction, the chief financial officer now owns 287,839 shares in the company, valued at $1,727,034. The trade was a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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.