Porch Group, Inc. $PRCH Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in Porch Group, Inc. (NASDAQ:PRCH) by 21.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,156 shares of the company’s stock after purchasing an additional 9,313 shares during the period. Los Angeles Capital Management LLC’s holdings in Porch Group were worth $627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Savant Capital LLC acquired a new position in shares of Porch Group in the second quarter valued at approximately $174,000. Bank of Montreal Can grew its stake in Porch Group by 26.3% in the 2nd quarter. Bank of Montreal Can now owns 522,082 shares of the company’s stock worth $6,155,000 after acquiring an additional 108,857 shares during the period. Zweig DiMenna Associates LLC raised its holdings in Porch Group by 296.6% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 872,500 shares of the company’s stock valued at $10,287,000 after acquiring an additional 652,500 shares during the last quarter. AlphaQuest LLC acquired a new position in Porch Group in the 2nd quarter valued at $33,000. Finally, Stephens Inc. AR lifted its stake in shares of Porch Group by 67.1% during the 2nd quarter. Stephens Inc. AR now owns 59,737 shares of the company’s stock worth $704,000 after purchasing an additional 23,994 shares during the period. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

Porch Group Stock Performance

Porch Group stock opened at $9.72 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 33.52 and a beta of 2.84. Porch Group, Inc. has a 12 month low of $2.74 and a 12 month high of $19.44. The company has a debt-to-equity ratio of 36.18, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50-day moving average is $15.72 and its 200-day moving average is $13.46.

Porch Group (NASDAQ:PRCH) last posted its earnings results on Wednesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). Porch Group had a negative return on equity of 51.86% and a net margin of 6.91%.The business had revenue of $118.08 million for the quarter, compared to analyst estimates of $114.42 million. Porch Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Porch Group, Inc. will post -0.63 earnings per share for the current year.

Insider Transactions at Porch Group

In other news, Director Amanda L. Reierson sold 50,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $17.67, for a total value of $883,500.00. Following the transaction, the director owned 151,375 shares of the company’s stock, valued at approximately $2,674,796.25. This trade represents a 24.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Regi Vengalil sold 40,000 shares of Porch Group stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.20, for a total transaction of $728,000.00. Following the transaction, the director owned 165,903 shares in the company, valued at $3,019,434.60. The trade was a 19.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 145,000 shares of company stock valued at $2,639,450 over the last 90 days. Corporate insiders own 23.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Benchmark reiterated a “buy” rating on shares of Porch Group in a research note on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 price target on shares of Porch Group in a report on Tuesday, September 2nd. B. Riley reaffirmed a “buy” rating on shares of Porch Group in a research note on Thursday, November 6th. Oppenheimer set a $20.00 target price on shares of Porch Group in a research report on Thursday, November 6th. Finally, Weiss Ratings lowered shares of Porch Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.