Shawn Tabak Sells 10,706 Shares of Porch Group (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCH) CFO Shawn Tabak sold 10,706 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $9.99, for a total transaction of $106,952.94. Following the transaction, the chief financial officer directly owned 142,424 shares in the company, valued at approximately $1,422,815.76. The trade was a 6.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shawn Tabak also recently made the following trade(s):

• On Monday, December 15th, Shawn Tabak sold 24,294 shares of Porch Group stock. The shares were sold at an average price of $9.66, for a total value of $234,680.04.
• On Thursday, December 4th, Shawn Tabak sold 22,216 shares of Porch Group stock. The stock was sold at an average price of $9.52, for a total value of $211,496.32.

Porch Group Price Performance

NASDAQ PRCH traded down $0.61 on Monday, reaching $9.31. The company’s stock had a trading volume of 1,188,261 shares, compared to its average volume of 1,381,899. Porch Group, Inc. has a twelve month low of $3.72 and a twelve month high of $19.44. The company has a debt-to-equity ratio of 36.18, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s 50 day moving average is $12.28 and its two-hundred day moving average is $13.58. The stock has a market cap of $1.15 billion, a PE ratio of 32.10 and a beta of 3.11.

Porch Group (NASDAQ:PRCH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $114.42 million. As a group, sell-side analysts predict that Porch Group, Inc. will post -0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Zacks Research upgraded Porch Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price target on shares of Porch Group in a research report on Tuesday, September 2nd. Oppenheimer set a $20.00 price objective on Porch Group in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Porch Group in a report on Monday, December 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Porch Group in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $21.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Porch Group presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Hedge Funds Weigh In On Porch Group

A number of large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd raised its holdings in shares of Porch Group by 956.3% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company’s stock valued at $26,000 after purchasing an additional 1,377 shares in the last quarter. Larson Financial Group LLC raised its holdings in Porch Group by 444.8% during the third quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock valued at $31,000 after buying an additional 1,499 shares in the last quarter. AlphaQuest LLC bought a new position in Porch Group during the second quarter valued at about $33,000. RiverPark Advisors LLC acquired a new stake in shares of Porch Group in the third quarter worth about $39,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Porch Group during the 3rd quarter worth about $80,000. Institutional investors and hedge funds own 48.48% of the company’s stock.

Porch Group Company 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.