Tudor Investment Corp ET AL Has $4.29 Million Stock Position in Porch Group, Inc. $PRCH

Tudor Investment Corp ET AL increased its holdings in shares of Porch Group, Inc. (NASDAQ:PRCH) by 1,897.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,511 shares of the company’s stock after purchasing an additional 242,722 shares during the period. Tudor Investment Corp ET AL owned approximately 0.21% of Porch Group worth $4,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRCH. Vanguard Group Inc. grew its position in shares of Porch Group by 5.6% in the third quarter. Vanguard Group Inc. now owns 7,252,134 shares of the company’s stock valued at $121,691,000 after purchasing an additional 384,451 shares during the last quarter. Invesco Ltd. grew its position in Porch Group by 448.4% in the third quarter. Invesco Ltd. now owns 3,795,064 shares of the company’s stock valued at $63,681,000 after acquiring an additional 3,103,018 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Porch Group by 55.2% during the second quarter. Marshall Wace LLP now owns 3,341,484 shares of the company’s stock worth $39,396,000 after buying an additional 1,188,273 shares during the last quarter. Divisadero Street Capital Management LP grew its holdings in shares of Porch Group by 6.7% during the third quarter. Divisadero Street Capital Management LP now owns 2,606,883 shares of the company’s stock worth $43,743,000 after purchasing an additional 163,271 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in Porch Group by 41.3% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,459,623 shares of the company’s stock worth $28,999,000 after buying an additional 719,412 shares during the period. 48.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Porch Group in a research note on Monday, December 29th. Keefe, Bruyette & Woods upgraded Porch Group from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $13.00 to $10.50 in a research note on Wednesday, February 11th. Benchmark reaffirmed a “buy” rating on shares of Porch Group in a report on Friday, January 16th. Finally, Zacks Research upgraded Porch Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.21.

Porch Group Stock Up 0.4%

Shares of NASDAQ:PRCH opened at $7.48 on Thursday. The firm has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $11.06. The company has a market cap of $930.96 million, a price-to-earnings ratio of -149.60 and a beta of 3.05. The company has a debt-to-equity ratio of 17.20, a current ratio of 1.30 and a quick ratio of 1.30. Porch Group, Inc. has a one year low of $4.64 and a one year high of $19.44.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The company had revenue of $112.25 million for the quarter, compared to the consensus estimate of $109.13 million. Porch Group had a negative return on equity of 51.86% and a negative net margin of 0.72%. Analysts anticipate that Porch Group, Inc. will post -0.63 EPS for the current fiscal year.

Porch Group Company Profile

Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company’s platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.

In addition to its core marketplace, Porch offers software products tailored for service professionals.