Porch Group, Inc. (PRCH)

NASDAQ: PRCH · Real-Time Price · USD
5.09
+0.52 (11.38%)
At close: Dec 20, 2024, 4:00 PM
5.00
-0.09 (-1.77%)
After-hours: Dec 20, 2024, 7:06 PM EST
11.38%
Market Cap 515.27M
Revenue (ttm) 452.10M
Net Income (ttm) -65.79M
Shares Out 101.23M
EPS (ttm) -0.67
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,501,043
Open 4.50
Previous Close 4.57
Day's Range 4.32 - 5.17
52-Week Range 1.05 - 6.04
Beta 2.13
Analysts Buy
Price Target 5.34 (+4.91%)
Earnings Date Nov 7, 2024

About PRCH

Porch Group, Inc., together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services. This segment offers inspection software and services, title insurance software, mortgage software, moving services, mover and homeowner marketing, and measurement so... [Read more]

Sector Technology
Founded 2012
Employees 895
Stock Exchange NASDAQ
Ticker Symbol PRCH
Full Company Profile

Financial Performance

In 2023, Porch Group's revenue was $430.30 million, an increase of 55.94% compared to the previous year's $275.95 million. Losses were -$133.93 million, -14.45% less than in 2022.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for PRCH stock is "Buy." The 12-month stock price forecast is $5.34, which is an increase of 4.91% from the latest price.

Price Target
$5.34
(4.91% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Porch Group Launches MovingPlace, a One-Stop Marketplace for Moving Services

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced the launch of MovingPlace, a new marketpla...

2 days ago - Business Wire

Porch Group Releases its 2024 ESG Report

SEATTLE--(BUSINESS WIRE)--Porch Group Releases its 2024 ESG Report.

4 days ago - Business Wire

Porch Group Reiterates $32m Q4'24 Adj EBITDA(1) Guidance and Shares Investor Day Highlights

SEATTLE--(BUSINESS WIRE)--Porch Group Reiterates $32m Q4'24 Adj EBITDA Guidance and Shares Investor Day Highlights.

12 days ago - Business Wire

CE 100 Index Gains Ground on Porch Group's 51% Rally

The CE 100 Index rallied by 2.2% this past week, starting the last month of trading in 2024 on a positive note. The Live segment stood out here, jumping by more than 7.2%.

12 days ago - PYMNTS

Porch Group's Investor Day to Highlight 2026 $100m Adj EBITDA Target(1,2)

SEATTLE--(BUSINESS WIRE)--Porch Group's Investor Day to Highlight 2026 $100m Adj EBITDA Target.

18 days ago - Business Wire

Why I'm Waiting For Porch Group To Nail Down Its Growth Story

Porch Group's stock surged 170% in a year, with analysts predicting 30% upside, but profitability and growth metrics are concerning. The launch of Porch Insurance Reciprocal Exchange aims to stabilize...

4 weeks ago - Seeking Alpha

Porch Group to Host Investor Day on December 5, 2024

SEATTLE--(BUSINESS WIRE)--Porch Group to Host Investor Day on December 5, 2024.

4 weeks ago - Business Wire

Porch Group Announces Strategic Home Factors Partnership

SEATTLE--(BUSINESS WIRE)--Porch Group Announces Strategic Home Factors Partnership.

4 weeks ago - Business Wire

Porch Group Announces Attendance At Upcoming Investor Events

SEATTLE--(BUSINESS WIRE)--Porch Group Announces Attendance At Upcoming Investor Events.

5 weeks ago - Business Wire

Porch Group, Inc. (PRCH) Q3 2024 Earnings Call Transcript

Porch Group, Inc. (NASDAQ:PRCH) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Lois Perkins - Head of Investor Relations Matt Ehrlichman - Chairman, Founder & Chief...

6 weeks ago - Seeking Alpha

Porch Group Reports Third Quarter 2024 Results

SEATTLE--(BUSINESS WIRE)--Porch Group Reports Third Quarter 2024 Results.

6 weeks ago - Business Wire

CE 100 Index Gains 2.1% as Porch Soars and Fiverr Roars After Earnings

The avalanche of earnings reports continued this past week, driving the CE 100 Index 2.1% higher. Porch Group shares surged nearly 73%  and drove the Live segment ahead by 7.6%.

Other symbols: FVRR
6 weeks ago - PYMNTS

Porch Group to Release Third Quarter 2024 Earnings on November 7, 2024

SEATTLE--(BUSINESS WIRE)--Porch Group to Release Third Quarter 2024 Earnings on November 7, 2024. Investor Day Will Be Scheduled In Early December, 2024.

7 weeks ago - Business Wire

Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone

SEATTLE--(BUSINESS WIRE)--Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone.

7 weeks ago - Business Wire

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...

4 months ago - Seeking Alpha

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 3...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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 re...

5 months ago - Business Wire

Porch Group: Insurance Margin Expansion To Drive Upside Potential

PRCH stock has seen strong price appreciation, up over 62% since initial coverage, but YTD performance has been underwhelming. The insurance segment is PRCH's largest and fastest-growing business, and...

7 months ago - Seeking Alpha

Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. In its complaint, Porch alleged that the Chine...

8 months ago - PYMNTS

Thrive Market Hires April Lane as Chief Merchandising Officer

LOS ANGELES--(BUSINESS WIRE)--Thrive Market, the healthy and sustainable online grocery store, has named April Lane its Chief Merchandiser. Lane brings decades of e-commerce experience to her role and...

Other symbols: QTWO
8 months ago - Business Wire

Porch Group, Inc. (PRCH) Q1 2024 Earnings Call Transcript

Porch Group, Inc. (NASDAQ:PRCH) Q1 2024 Results Conference Call May 8, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - CEO, Chairman, and Founder Shawn Tabak ...

8 months ago - Seeking Alpha

Porch Group Reports First 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 first quarter results through March 3...

8 months ago - Business Wire

Porch Group to Release First Quarter 2024 Earnings on May 8, 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 re...

8 months ago - Business Wire

Porch Group Announces Inspection Product Enhancements and Price Increases

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced product enhancements and price increases i...

9 months ago - Business Wire