Porch GroupPRCH
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 Q3 regulatory filings by fund managers ($100M+ AUM)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
2% less capital invested
Capital invested by funds: $81.7M [Q2] → $79.8M (-$1.9M) [Q3]
11% less funds holding
Funds holding: 111 [Q2] → 99 (-12) [Q3]
10.82% less ownership
Funds ownership: 54.57% [Q2] → 43.75% (-10.82%) [Q3]
32% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 31
56% less call options, than puts
Call options by funds: $279K | Put options by funds: $636K
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Oppenheimer Jason Helfstein 71% 1-year accuracy 36 / 51 met price target | 52%upside $7 | Outperform Maintained | 9 Dec 2024 |
Loop Capital Timothy Greaves 0% 1-year accuracy 0 / 2 met price target | 30%upside $6 | Hold Assumed | 9 Dec 2024 |
Craig-Hallum Jason Kreyer 50% 1-year accuracy 18 / 36 met price target | 73%upside $8 | Buy Maintained | 6 Dec 2024 |
Stephens & Co. John Campbell 70% 1-year accuracy 23 / 33 met price target | 8%upside $5 | Overweight Maintained | 11 Nov 2024 |
Benchmark Daniel Kurnos 65% 1-year accuracy 51 / 78 met price target | 52%upside $7 | Buy Reiterated | 29 Oct 2024 |
Financial journalist opinion
