PropTech Acquisition (NASDAQ:PTAC) Issues Earnings Results

PropTech Acquisition (NASDAQ:PTAC) posted its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports.

PropTech Acquisition Stock Performance

PTAC remained flat at $10.01 during mid-day trading on Friday. 6 shares of the company’s stock traded hands, compared to its average volume of 55,581. The business’s fifty day simple moving average is $10.01 and its two-hundred day simple moving average is $8.03. PropTech Acquisition has a 12 month low of $9.74 and a 12 month high of $10.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on PropTech Acquisition in a research note on Monday, September 28th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, PropTech Acquisition presently has an average rating of “Sell”.

About PropTech Acquisition

PropTech Acquisition Corporation was a special purpose acquisition company formed to pursue a merger or similar business combination with a technology-focused company in the real estate and property technology sectors. It did not operate a separate consumer product or service business while seeking a transaction. In December 2020, PropTech Acquisition completed its business combination with Porch.com, a software and services platform for the home services industry. Porch’s offerings included software for home service professionals and services that connected consumers with providers for home-related needs.