Porch Group, Inc. (PRCH)
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]
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 StatementsAnalyst 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.
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...
Porch Group Releases its 2024 ESG Report
SEATTLE--(BUSINESS WIRE)--Porch Group Releases its 2024 ESG Report.
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.
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%.
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.
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...
Porch Group to Host Investor Day on December 5, 2024
SEATTLE--(BUSINESS WIRE)--Porch Group to Host Investor Day on December 5, 2024.
Porch Group Announces Strategic Home Factors Partnership
SEATTLE--(BUSINESS WIRE)--Porch Group Announces Strategic Home Factors Partnership.
Porch Group Announces Attendance At Upcoming Investor Events
SEATTLE--(BUSINESS WIRE)--Porch Group Announces Attendance At Upcoming Investor Events.
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...
Porch Group Reports Third Quarter 2024 Results
SEATTLE--(BUSINESS WIRE)--Porch Group Reports Third Quarter 2024 Results.
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%.
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.
Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone
SEATTLE--(BUSINESS WIRE)--Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone.
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...