Porch Group (PRCH) to Release Earnings on Thursday

Porch Group (NASDAQ:PRCH) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Porch Group to post earnings of ($0.01) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.07). The firm had revenue of $110.84 million for the quarter, compared to analyst estimates of $117.91 million. During the same quarter last year, the firm earned ($0.73) earnings per share. On average, analysts expect Porch Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Porch Group Price Performance

PRCH opened at $2.10 on Wednesday. The stock has a market cap of $249.42 million, a P/E ratio of -2.42 and a beta of 1.98. The firm has a fifty day moving average price of $1.50 and a 200 day moving average price of $1.88. Porch Group has a 1 year low of $0.64 and a 1 year high of $4.78.

Insider Buying and Selling

In related news, CFO Shawn Tabak sold 15,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the transaction, the chief financial officer now directly owns 278,298 shares of the company’s stock, valued at approximately $556,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald raised shares of Porch Group to a “strong-buy” rating in a research note on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $7.00 price target on shares of Porch Group in a research report on Tuesday, October 29th. Northland Securities cut their price objective on Porch Group from $5.00 to $3.25 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Oppenheimer reduced their target price on Porch Group from $4.50 to $3.50 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Porch Group from $3.75 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $4.32.

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.