Porch Group, Inc. (PRCH)

NASDAQ: PRCH · Real-Time Price · USD
3.510
+0.540 (18.18%)
At close: Nov 20, 2024, 4:00 PM
3.680
+0.170 (4.84%)
Pre-market: Nov 21, 2024, 5:05 AM EST
18.18%
Market Cap 355.32M
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 2,888,206
Open 3.110
Previous Close 2.970
Day's Range 3.010 - 3.560
52-Week Range 1.050 - 4.780
Beta 1.97
Analysts Buy
Price Target 4.18 (+19.09%)
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 7 analysts, the average rating for PRCH stock is "Buy." The 12-month stock price forecast is $4.18, which is an increase of 19.09% from the latest price.

Price Target
$4.18
(19.09% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Porch Group Announces Strategic Home Factors Partnership

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

1 day ago - Business Wire

Porch Group Announces Attendance At Upcoming Investor Events

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

9 days 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...

11 days ago - Seeking Alpha

Porch Group Reports Third Quarter 2024 Results

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

13 days 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
17 days 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.

23 days 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.

23 days 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...

3 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...

3 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...

3 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...

4 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...

6 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...

6 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
6 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 ...

7 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...

7 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...

7 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...

8 months ago - Business Wire

CE 100 Index Adds 1% as Porch Group Extends Post-Earnings Rally

The CE 100 Index was 1% higher on the week, as a majority of pillars finished in the black.  Porch Group soared 14%, powering the “Live” pillar 1.7% higher and continuing a post-earnings rally that ha...

8 months ago - PYMNTS

Porch Group Attendance At Various Upcoming Investor Events

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance. Po...

8 months ago - Business Wire

Porch Group, Inc. (PRCH) Q4 2023 Earnings Call Transcript

Porch Group, Inc. (NASDAQ:PRCH) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - Chief Executive Officer, Chairman an...

9 months ago - Seeking Alpha

Porch Group Earnings Show Resilience for InsurTech Category

InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance and vertical software platform...

9 months ago - PYMNTS

Porch Group Reports Fourth Quarter 2023 Results

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today reported fourth quarter results ended December...

9 months ago - Business Wire

Porch Group to Release Fourth Quarter 2023 Earnings on March 7, 2024

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today ...

10 months ago - Business Wire

Porch Group Receives $25M with Signing of Strategic Agreement with Aon

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch”, “Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today ...

10 months ago - Business Wire