Porch Group Inc (NASDAQ: PRCH) is 20.73% higher on its value in year-to-date trading and has touched a low of $1.05 and a high of $7.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRCH stock was last observed hovering at around $5.58 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $5.94, the stock is 3.17% and 17.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing 6.45% at the moment leaves the stock 99.50% off its SMA200. PRCH registered 56.73% gain for a year compared to 6-month gain of 403.39%. The firm has a 50-day simple moving average (SMA 50) of $5.0718 and a 200-day simple moving average (SMA200) of $2.977375.
The stock witnessed a 25.05% loss in the last 1 month and extending the period to 3 months gives it a 15.56%, and is -9.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.70% over the week and 12.17% over the month.
Porch Group Inc (PRCH) has around 733 employees, a market worth around $604.41M and $437.85M in sales. Fwd P/E is 32.11. Profit margin for the company is -7.50%. Distance from 52-week low is 465.71% and -18.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.07%).
with sales reaching $79.44M over the same period.The EPS is expected to grow by 64.71% this year, but quarterly earnings will post -8.86% year-over-year. Quarterly sales are estimated to shrink -31.19% in year-over-year returns.
Porch Group Inc (PRCH) Top Institutional Holders
158.0 institutions hold shares in Porch Group Inc (PRCH), with institutional investors hold 67.35% of the company’s shares. The shares outstanding are 119.80M, and float is at 60.32M with Short Float at 17.28%. Institutions hold 54.40% of the Float.
The top institutional shareholder in the company is GRANAHAN INVESTMENT MANAGEMENT, LLC with over 9.89 million shares valued at $14.93 million. The investor’s holdings represent 9.9701% of the PRCH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.98 million shares valued at $7.52 million to account for 5.1095 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.34 million shares representing 4.4526% and valued at over $6.56 million, while FIDELITY NATIONAL FINANCIAL, INC. holds 3.4992 of the shares totaling 3.47 million with a market value of $5.24 million.
Porch Group Inc (PRCH) Insider Activity
The most recent transaction is an insider sale by Tabak Shawn, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Tabak Shawn sold 108,226 shares of the company’s common stock on Feb 26 ’25 at a price of $6.05 per share for a total of $0.65 million. Following the sale, the insider now owns 0.18 million shares.
Still, SEC filings show that on Dec 16 ’24, Tabak Shawn (CHIEF FINANCIAL OFFICER) disposed off 21,774 shares at an average price of $6.00 for $0.13 million. The insider now directly holds 287,839 shares of Porch Group Inc (PRCH).
