Porch Group’s (PRCH) “Obese” Ranking Reiterated at Cantor Fitzgerald



Cantor Fitzgerald reaffirmed their obese score on shares of Porch Group (NASDAQ:PRCH – Get Ranking) in a analysis report launched on Wednesday morning, PriceTargets.com reviews. Cantor Fitzgerald additionally issued estimates for Porch Group’s FY2023 earnings at ($0.60) EPS.

A number of different equities analysts additionally not too long ago commented on PRCH. JPMorgan Chase & Co. began protection on Porch Group in a analysis report on Monday, Might twenty third. They set an obese score and a $8.00 goal worth for the corporate. Compass Level began protection on Porch Group in a report on Wednesday, Might twenty fifth. They set a purchase score and a $11.50 worth goal for the corporate. Wedbush dropped their worth goal on Porch Group from $13.00 to $8.00 in a report on Wednesday, Might eleventh. Craig Hallum dropped their worth goal on Porch Group from $13.00 to $8.00 in a report on Wednesday, Might eleventh. Lastly, Stephens dropped their worth goal on Porch Group from $26.00 to $23.00 and set an obese score for the corporate in a report on Thursday, March tenth. 13 analysis analysts have rated the inventory with a purchase score, In response to MarketBeat, the inventory presently has a consensus score of Purchase and a mean worth goal of $18.58.

Porch Group inventory opened at $2.77 on Wednesday. The corporate has a debt-to-equity ratio of 1.93, a present ratio of 1.58 and a fast ratio of 1.58. The corporate has a market capitalization of $271.83 million, a PE ratio of -4.95 and a beta of 1.31. Porch Group has a one 12 months low of $2.20 and a one 12 months excessive of $27.50. The enterprise has a 50 day easy transferring common of $3.48 and a 200 day easy transferring common of $7.09.

Porch Group (NASDAQ:PRCH – Get Ranking) final posted its earnings outcomes on Tuesday, Might tenth. The corporate reported ($0.28) EPS for the quarter, lacking the consensus estimate of ($0.17) by ($0.11). The corporate had income of $62.56 million for the quarter, in comparison with the consensus estimate of $60.66 million. Porch Group had a adverse return on fairness of 36.71% and a adverse web margin of 21.81%. Throughout the identical quarter final 12 months, the enterprise earned ($0.35) EPS. Equities analysts anticipate that Porch Group will submit -0.89 earnings per share for the present fiscal 12 months.

In different Porch Group information, CEO Matt Ehrlichman purchased 273,128 shares of Porch Group inventory in a transaction on Thursday, Might twelfth. The shares have been bought at a mean price of $3.66 per share, for a complete transaction of $999,648.48. Following the completion of the acquisition, the chief government officer now owns 9,591,070 shares within the firm, valued at roughly $35,103,316.20. The acquisition was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. Additionally, Director Sean Davis Kell purchased 10,820 shares of Porch Group inventory in a transaction on Monday, Might sixteenth. The shares have been acquired at a mean worth of $4.62 per share, for a complete transaction of $49,988.40. Following the completion of the acquisition, the director now owns 10,820 shares of the corporate’s inventory, valued at roughly $49,988.40. The disclosure for this buy could be discovered right here. During the last ninety days, insiders have bought 288,948 shares of firm inventory valued at $1,068,137. 18.64% of the inventory is owned by insiders.

A number of institutional traders have not too long ago modified their holdings of PRCH. Windfall Capital Advisors LLC purchased a brand new stake in shares of Porch Group within the first quarter valued at about $44,000. Hardy Reed LLC acquired a brand new stake in shares of Porch Group within the first quarter valued at about $45,000. Moors & Cabot Inc. acquired a brand new stake in shares of Porch Group within the third quarter valued at about $47,000. Graham Capital Administration L.P. acquired a brand new stake in shares of Porch Group within the first quarter valued at about $69,000. Lastly, Baker Tilly Wealth Administration LLC acquired a brand new stake in shares of Porch Group within the first quarter valued at about $76,000. Institutional traders personal 98.11% of the corporate’s inventory.

Porch Group Firm Profile (Get Ranking)

Porch Group, Inc operates a software program platform in the US and Canada. The corporate operates by way of two segments, Vertical Software program and Insurance coverage. The Vertical Software program section gives software program and companies to residence companies corporations and offers early entry to homebuyers and owners. It provides companies to residence companies corporations, corresponding to residence inspectors, customers, corresponding to homebuyers and owners, service suppliers, corresponding to transferring, insurance coverage, guarantee, and safety corporations, and TV/Web suppliers.

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