Porch GroupPRCH
Market Cap: $125M
About: Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment software and services provide inspection, mortgage, and title companies on a subscription and transactional basis, several key businesses, including inspection software and services, title insurance software, mortgage software, moving services, mover and homeowner marketing, and measurement software for roofers. The insurance segment provides consumers with insurance and warranty products to protect their homes, earning revenue through premiums collected on policies, policy fees, and commissions.
Employees: 864
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1.48% more ownership
Funds ownership: 52.32% [Q1] → 53.8% (+1.48%) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 31
4% less call options, than puts
Call options by funds: $219K | Put options by funds: $229K
7% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 30
2% less funds holding
Funds holding: 113 [Q1] → 111 (-2) [Q2]
63% less capital invested
Capital invested by funds: $220M [Q1] → $80.5M (-$140M) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Keefe, Bruyette & Woods Ryan Tomasello 57% 1-year accuracy 4 / 7 met price target | 21%upside $1.50 | Market Perform Maintained | 8 Aug 2024 |
Oppenheimer Jason Helfstein 68% 1-year accuracy 28 / 41 met price target | 182%upside $3.50 | Outperform Maintained | 8 Aug 2024 |
Benchmark Daniel Kurnos 52% 1-year accuracy 32 / 62 met price target | 465%upside $7 | Buy Maintained | 7 Aug 2024 |
Northland Capital Markets Mike Grondahl 35% 1-year accuracy 6 / 17 met price target | 162%upside $3.25 | Outperform Maintained | 7 Aug 2024 |
Craig-Hallum Jason Kreyer 54% 1-year accuracy 15 / 28 met price target | 142%upside $3 | Buy Maintained | 7 Aug 2024 |