Porch Group, Inc. (NASDAQ:PRCH) CEO Buys $96,499.12 in Stock

Porch Group, Inc. (NASDAQ:PRCHGet Rating) CEO Matt Ehrlichman purchased 58,132 shares of the business’s stock in a transaction on Friday, November 18th. The shares were bought at an average cost of $1.66 per share, with a total value of $96,499.12. Following the acquisition, the chief executive officer now directly owns 9,803,350 shares of the company’s stock, valued at approximately $16,273,561. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matt Ehrlichman also recently made the following trade(s):

  • On Monday, November 21st, Matt Ehrlichman acquired 46,508 shares of Porch Group stock. The shares were bought at an average price of $1.63 per share, for a total transaction of $75,808.04.

Porch Group Stock Performance

Shares of PRCH stock opened at $2.10 on Friday. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day moving average of $1.80 and a 200-day moving average of $2.52. Porch Group, Inc. has a 52-week low of $0.94 and a 52-week high of $23.08.

Institutional Trading of Porch Group

A number of hedge funds have recently modified their holdings of PRCH. Park West Asset Management LLC grew its stake in shares of Porch Group by 3.1% in the third quarter. Park West Asset Management LLC now owns 9,638,164 shares of the company’s stock valued at $21,686,000 after buying an additional 287,535 shares in the last quarter. Granahan Investment Management LLC raised its stake in Porch Group by 77.7% during the first quarter. Granahan Investment Management LLC now owns 8,345,679 shares of the company’s stock worth $57,961,000 after acquiring an additional 3,648,071 shares in the last quarter. Villere ST Denis J & Co. LLC raised its stake in Porch Group by 2.1% during the third quarter. Villere ST Denis J & Co. LLC now owns 6,178,376 shares of the company’s stock worth $13,901,000 after acquiring an additional 127,242 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Porch Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 3,983,072 shares of the company’s stock worth $27,663,000 after purchasing an additional 144,971 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Porch Group by 40.6% during the second quarter. Goldman Sachs Group Inc. now owns 3,692,247 shares of the company’s stock worth $9,452,000 after purchasing an additional 1,065,665 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PRCH shares. Oppenheimer reduced their target price on Porch Group from $9.00 to $3.00 in a research note on Wednesday, November 9th. Cantor Fitzgerald initiated coverage on Porch Group in a report on Wednesday, August 10th. They issued an “overweight” rating and a $8.00 price objective on the stock. Northland Securities lowered their price objective on Porch Group from $7.00 to $4.50 in a report on Wednesday, November 9th. Finally, JPMorgan Chase & Co. cut Porch Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Porch Group Company Profile

(Get Rating)

Porch Group, Inc operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers.

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