Porch Group
PRCH

$1.24

1.56%

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

Information Technology Prepackaged Software

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 6 analysts

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]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$1.50

21%

upside

Avg. target

$3.67

196%

upside

High target

$7

465%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Porch Group Announces Attendance At Upcoming Investor Events

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: August 15, 2024: Craig-Hallum Non-Deal Roadshow (virtual) August 26, 2024: Stephens Non-Deal Roadshow (virtual) September 5, 2024: Benchmark Tech, Media & Telecom Conference (New York) These in.

Porch Group Announces Attendance At Upcoming Investor Events

Porch Group, Inc. (PRCH) Q2 2024 Earnings Call Transcript

Porch Group, Inc. (NASDAQ:PRCH ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Lois Perkins - IR Matt Ehrlichman - CEO, Chairman and Founder Shawn Tabak - CFO Matthew Neagle - COO Michelle Taves - GM Porch Group Media, Data and Marketing Conference Call Participants Daniel Kurnos - The Benchmark Company Jonathan Bass - Stephens Steven Hromin - Oppenheimer Ryan Tomasello - KBW Jason Kreyer - Craig-Hallum Capital Group Lois Perkins Good afternoon, everyone, and thank you for participating in Porch Group's Second Quarter 2024 Conference Call. Today, we issued our earnings release and filed our related Form 8-K with the SEC.

Porch Group, Inc. (PRCH) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Porch Group, Inc. (PRCH) Reports Q2 Loss, Misses Revenue Estimates

Porch Group, Inc. (PRCH) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.73 per share a year ago.

Porch Group, Inc. (PRCH) Reports Q2 Loss, Misses Revenue Estimates

Porch Group Files Reciprocal Exchange Application and Contributes PRCH Shares to HOA to Increase Surplus and Support Future Growth

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced it has filed a new and updated application to form and license a Texas reciprocal insurance exchange (“Reciprocal”) with the Texas Department of Insurance (“TDI”). If approved and fully implemented as proposed, Homeowners of America Insurance Company (“HOA”), Porch's homeowners insurance carrier, would be sold to the Reciprocal at inceptio.

Porch Group Files Reciprocal Exchange Application and Contributes PRCH Shares to HOA to Increase Surplus and Support Future Growth

Porch Group Reports Second Quarter 2024 Results

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today reported second quarter results through June 30, 2024, with total revenue of $110.8 million, which increased 12% compared to the prior year. GAAP net loss was $64.3 million, an improvement of $22.6 million compared to the prior year, and Adjusted EBITDA Loss was $34.8 million, an improvement of $8.4 million compared to the prior year. CEO Summ.

Porch Group Reports Second Quarter 2024 Results

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Porch Group to Release Second Quarter 2024 Earnings on August 6, 2024

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the second quarter ended June 30, 2024, after markets close on Tuesday, August 6, 2024. Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, August 6, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time.

Porch Group to Release Second Quarter 2024 Earnings on August 6, 2024

Zacks Investment Research

Porch Group (PRCH) Upgraded to Strong Buy: What Does It Mean for the Stock?

Porch Group (PRCH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Porch Group (PRCH) Upgraded to Strong Buy: What Does It Mean for the Stock?

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