Porch Group (PRCH) to Release Quarterly Earnings on Thursday

Porch Group (NASDAQ:PRCHGet Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Porch Group to post earnings of ($0.01) per share for the quarter. Porch Group has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Porch Group (NASDAQ:PRCHGet Free Report) last announced its earnings results on Tuesday, August 6th. The company reported ($0.65) earnings per share (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 analysts’ expectations of $117.91 million. During the same quarter last year, the company earned ($0.73) EPS. 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 Trading Up 9.6 %

Shares of NASDAQ PRCH opened at $2.40 on Thursday. The firm’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.92. The stock has a market capitalization of $285.05 million, a price-to-earnings ratio of -2.73 and a beta of 2.04. Porch Group has a 12-month low of $0.54 and a 12-month high of $4.78.

Insider Transactions at Porch Group

In other news, CFO Shawn Tabak sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the transaction, the chief financial officer now directly owns 278,298 shares of the company’s stock, valued at approximately $556,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Northland Securities decreased their target price on shares of Porch Group from $5.00 to $3.25 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Cantor Fitzgerald raised shares of Porch Group to a “strong-buy” rating in a research report on Tuesday, August 13th. Benchmark reissued a “buy” rating and issued a $7.00 price objective on shares of Porch Group in a research report on Tuesday. Oppenheimer reduced their price objective on shares of Porch Group from $4.50 to $3.50 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $4.32.

Check Out Our Latest Stock Report on PRCH

About Porch Group

(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.

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Earnings History for Porch Group (NASDAQ:PRCH)

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