2 weeks Ago By ABMN Staff
Porch Group, Inc. ( NASDAQ:PRCH – Get Free Report ) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports.
One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.18.
A number of research firms recently commented on PRCH. Craig Hallum dropped their price objective on Porch Group from $5.00 to $3.
00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Oppenheimer lowered their price objective on Porch Group from $4.50 to $3.
50 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods reduced their target price on Porch Group from $3.75 to $1.
50 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Cantor Fitzgerald upgraded Porch Group to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Benchmark dropped their price objective on shares of Porch Group from $10.
00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Get Our Latest Research Report on Porch Group Porch Group Price Performance Porch Group ( NASDAQ:PRCH – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th.
The company reported ($0.65) EPS for the quarter, missing the consensus estimate 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 in the previous year, the company earned ($0.73) EPS.
On average, equities analysts anticipate that Porch Group will post -0.76 earnings per share for the current year. Institutional Investors Weigh In On Porch Group Several institutional investors and hedge funds have recently modified their holdings of the stock.
Granahan Investment Management LLC grew its position in Porch Group by 12.0% in the fourth quarter. Granahan Investment Management LLC now owns 11,890,749 shares of the company’s stock valued at $36,624,000 after acquiring an additional 1,278,208 shares in the last quarter.
Harbor Capital Advisors Inc. purchased a new stake in Porch Group during the 2nd quarter worth $1,989,000. Natixis purchased a new stake in Porch Group during the 1st quarter worth $3,906,000.
Victory Capital Management Inc. acquired a new position in Porch Group in the 4th quarter worth $32,000. Finally, Wedmont Private Capital purchased a new position in shares of Porch Group during the 1st quarter valued at approximately $215,000.
Hedge funds and other institutional investors own 48.48% of the company’s stock. Porch Group Company Profile ( Get Free Report 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. Read More Receive News & Ratings for Porch Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Porch Group and related companies with MarketBeat.
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