Porch Group Inc (NASDAQ: PRCH) is 14.63% higher on its value in year-to-date trading and has touched a low of $1.05 and a high of $8.48 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 $6.45 in the last trading session, with the day’s loss setting it -0.81%.
Currently trading at $5.64, the stock is -14.29% and -1.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing -12.56% at the moment leaves the stock 68.55% off its SMA200. PRCH registered 30.56% gain for a year compared to 6-month gain of 302.86%. The firm has a 50-day simple moving average (SMA 50) of $5.7006 and a 200-day simple moving average (SMA200) of $3.34615.
The stock witnessed a -12.56% loss in the last 1 month and extending the period to 3 months gives it a 13.94%, and is -23.68% 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 10.19% over the week and 10.05% over the month.
Porch Group Inc (PRCH) has around 733 employees, a market worth around $573.88M and $437.85M in sales. Fwd P/E is 30.49. Profit margin for the company is -7.50%. Distance from 52-week low is 437.14% and -33.53% 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
159.0 institutions hold shares in Porch Group Inc (PRCH), with institutional investors hold 67.40% of the company’s shares. The shares outstanding are 119.80M, and float is at 60.47M with Short Float at 16.74%. Institutions hold 54.44% 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 5.0229 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 Neagle Matthew, the company’s Chief Operating Officer. SEC filings show that Neagle Matthew sold 42,672 shares of the company’s common stock on Mar 25 ’25 at a price of $7.06 per share for a total of $0.3 million. Following the sale, the insider now owns 1.31 million shares.
Porch Group Inc disclosed in a document filed with the SEC on Mar 24 ’25 that Neagle Matthew (Chief Operating Officer) sold a total of 27,328 shares of the company’s common stock. The trade occurred on Mar 24 ’25 and was made at $6.99 per share for $0.19 million. Following the transaction, the insider now directly holds 1.36 million shares of the PRCH stock.
Still, SEC filings show that on Mar 17 ’25, Neagle Matthew (Chief Operating Officer) disposed off 60,000 shares at an average price of $6.24 for $0.37 million. The insider now directly holds 1,384,057 shares of Porch Group Inc (PRCH).
