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Porch Group, Inc. (PRCH)

NASDAQ: PRCH · IEX Real-Time Price · USD
17.70 0.58 (3.36%)
Oct 22, 2021 9:50 AM EDT - Market open
Market Cap1.72B
Revenue (ttm)150.38M
Net Income (ttm)-153.08M
Shares Out95.22M
EPS (ttm)-2.02
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume83,122
Open17.76
Previous Close17.12
Day's Range17.48 - 17.94
52-Week Range10.03 - 24.41
Betan/a
AnalystsStrong Buy
Price Target28.33 (+60.1%)
Est. Earnings DateNov 11, 2021

About PRCH

Porch Group, Inc. operates a software platform in the United States and Canada. It provides software and services under the ISN, HireAHelper, and Kandela brands to home services companies, such as home inspectors, homebuyers and homeowners, insurance carriers, moving companies, security companies, and TV/internet providers, as well as offers moving concierge services. It also connects consumers with home services companies and offers a full range of products and services where homeowners compare and buy home insurance policies; arrange for vari...

IndustrySoftware-Application
Founded2012
Employees1,000
Stock ExchangeNASDAQ
Ticker SymbolPRCH
Full Company Profile

Financial Performance

In 2020, Porch Group's revenue was $73.22 million, a decrease of -5.64% compared to the previous year's $77.60 million. Losses were -$51.61 million, -50.05% less than in 2019.

Financial Statements

Analyst Forecast

According to one analyst, the rating for Porch Group stock is "Strong Buy" and the 12-month stock price forecast is 28.33.

Price Target
$28.33
(60.10% upside)
Analyst Consensus: Strong Buy

News

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Tennessee as Part of Nationwide Expansion Plan

SEATTLE, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Homeowners of America (HOA), a property and casualty insurance provider and subsidiary of Porch Group, Inc. ("Porch”) (NASDAQ: PRCH), announced the launch of s...

2 weeks ago - GlobeNewsWire

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Utah

SEATTLE, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Homeowners of America (HOA), a property and casualty insurance provider and subsidiary of Porch Group, Inc. ("Porch") (NASDAQ: PRCH), announced the launch of ...

3 weeks ago - GlobeNewsWire

Chief Operating Officer Of Porch Group Trades $129.41 Thousand In Company Stock

Matthew Cullen As Attorney-In-Fact, Chief Operating Officer at Porch Group (NASDAQ:PRCH), made a large buy and sell of company shares on September 21, according to a new SEC filing. What Happened: A For...

4 weeks ago - Benzinga

Porch Group Closes $425 Million Convertible Senior Notes Offering

Original Offering was Upsized and Greenshoe was Fully Exercised on the Back of Strong Demand

1 month ago - GlobeNewsWire

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Nevada as Part of Nationwide Expansion Plan

SEATTLE, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Homeowners of America (HOA), a property and casualty insurance provider and subsidiary of Porch Group, Inc. ("Porch” or “the Company") (NASDAQ: PRCH), today a...

1 month ago - GlobeNewsWire

Porch Group Announces Pricing of Upsized $385 Million Convertible Senior Notes Offering

SEATTLE, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH) today announced the upsizing and pricing of an offering of $385 million aggregate principal amount...

1 month ago - GlobeNewsWire

Why Porch Group Stock Collapsed on Monday

Investors are concerned about the potential for dilution.

1 month ago - The Motley Fool

Why Are Porch Shares Trading Lower Today?

Vertical software platforms and services provider Porch Group Inc (NASDAQ: PRCH) has proposed to offer $350 million convertible senior notes due 2026 through a private institutional offering. The underw...

1 month ago - Benzinga

Porch Group Announces Proposed Convertible Senior Notes Offering

SEATTLE, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) today announced that it plans to offer, subject to market and other conditions, $350 million aggre...

1 month ago - GlobeNewsWire

Porch Group announces two more acquisitions for a total of more than $94 million

Add two more companies and another $94.

1 month ago - GeekWire

Porch Group Announces Two Strategic Acquisitions to Accelerate Its InsurTech Ambitions Across the U.S.

Executed Definitive Agreement to Acquire CSE Insurance, Expanding Porch's InsurTech Business into California, Auto, and Umbrella, With an Expected Close in Q2 2022

1 month ago - GlobeNewsWire

Porch Group to Present at the 10th Annual Gateway Conference on September 8, 2021

SEATTLE, WA / ACCESSWIRE / September 1, 2021 / Porch Group, Inc. ("Porch Group" or the "Company") (Nasdaq:PRCH), a leading vertical software company reinventing the home services industry, has been invi...

1 month ago - Accesswire

Why Porch Group Stock Got Crushed Today

Maybe the market is just selling this kind of stock today because the company's financial results looked better than expected.

2 months ago - The Motley Fool

Porch Group Reports Second Quarter 2021 Financial Results

Company Exceeds Q2 Guidance and Increases Full Year 2021 Revenue Guidance to $184 Million, Representing Approximately 155% Year-over-Year Growth

2 months ago - GlobeNewsWire

Why Porch Group Stock Was Up 28% in May

The company's rapid growth is turning heads on Wall Street.

4 months ago - The Motley Fool

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Illinois as Part of Nationwide Expansion Plan

SEATTLE, June 08, 2021 (GLOBE NEWSWIRE) -- Homeowners of America (HOA), a property and casualty insurance provider and recent acquisition of Porch Group, Inc. ("Porch” or “the Company") (NASDAQ: PRCH), ...

4 months ago - GlobeNewsWire

Porch Update

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(News...

4 months ago - Newsfile Corp

Porch Group Reports First Quarter 2021 Financial Results

Company Exceeds Q1 Guidance and Increases Full Year 2021 Revenue Guidance to $178 Million, Representing Approximately 147% Year-over-Year Growth Company Exceeds Q1 Guidance and Increases Full Year 2021 ...

5 months ago - GlobeNewsWire

Porch Shareholder Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(News...

5 months ago - Newsfile Corp

Porch Class Action Reminder

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(News...

5 months ago - Newsfile Corp

Porch Investor Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(News...

5 months ago - Newsfile Corp

Porch Group Sets First Quarter 2021 Earnings Call for Monday, May 17, 2021 at 5:00 p.m. ET

SEATTLE, April 27, 2021 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services industry, will hold a conferenc...

5 months ago - GlobeNewsWire

Making Your House Your Forever Home: Porch Announces New Home Services Offer Exclusively for AARP Members

AARP members will save on Porch Handyman services, and make home ownership simple with a free Porch Home Assistant and other benefits beginning now AARP members will save on Porch Handyman services, and...

5 months ago - GlobeNewsWire

The Law Offices of Frank R. Cruz Announces Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $PRCH #investors--The Law Offices of Frank R. Cruz Announces Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

5 months ago - Business Wire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Porch Group Inc. (PRCH) ...

LOS ANGELES--(BUSINESS WIRE)---- $PRCH #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf...

5 months ago - Business Wire