Porch Group Inc. [PRCH] Revenue clocked in at $247.70 million, down -82.10% YTD: What’s Next?

Porch Group Inc. [NASDAQ: PRCH] closed the trading session at $2.79 on 08/25/22. The day’s price range saw the stock hit a low of $2.50, while the highest price level was $2.80. The company report on August 25, 2022 that Porch Pro Integrates with MarketSharp to Save Home Contractors Time and Money.

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Porch Pro, a Porch Group (Nasdaq: PRCH) (“Porch Group”) business unit and lead generation marketplace, and MarketSharp, an EverPro solution by EverCommerce (Nasdaq: EVCM) and cloud-based CRM for home service professionals, have announced a software integration to save contractors time and money.

“We’re incredibly excited to partner with MarketSharp in pursuit of our shared mission to help residential contractors to grow their businesses,” said Andrew Beck, Vice President and Group GM of Contractor Tools, Porch Group. “This integration allows Porch Pro to connect millions of homeowner project requests with more contractors and makes it simpler for MarketSharp customers to find and book more jobs.”.

The stocks have a year to date performance of -82.10 percent and weekly performance of 1.09 percent. The stock has been moved at -65.98 percent over the last six months. The stock has performed 36.76 percent around the most recent 30 days and changed -31.45 percent over the most recent 3-months.

If compared to the average trading volume of 2.48M shares, PRCH reached to a volume of 2015200 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Porch Group Inc. [PRCH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRCH shares is $8.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRCH stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cantor Fitzgerald have made an estimate for Porch Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 10, 2022. While these analysts kept the previous recommendation, Keefe Bruyette dropped their target price from $5.25 to $3.25. The new note on the price target was released on July 25, 2022, representing the official price target for Porch Group Inc. stock. Previously, the target price had yet another raise to $11.50, while Compass Point analysts kept a Buy rating on PRCH stock.

The Average True Range (ATR) for Porch Group Inc. is set at 0.32, with the Price to Sales ratio for PRCH stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 2.49.

PRCH stock trade performance evaluation

Porch Group Inc. [PRCH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.09. With this latest performance, PRCH shares gained by 36.76% in over the last four-week period, additionally sinking by -65.98% over the last 6 months – not to mention a drop of -84.95% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRCH stock in for the last two-week period is set at 54.29, with the RSI for the last a single of trading hit 56.67, and the three-weeks RSI is set at 51.84 for Porch Group Inc. [PRCH]. The present Moving Average for the last 50 days of trading for this stock 2.51, while it was recorded at 2.45 for the last single week of trading, and 8.28 for the last 200 days.

Porch Group Inc. [PRCH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Porch Group Inc. [PRCH] shares currently have an operating margin of -41.42 and a Gross Margin at +69.48. Porch Group Inc.’s Net Margin is presently recorded at -55.40.

Return on Equity for this stock declined to -65.73, with Return on Assets sitting at -16.31.

Porch Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Porch Group Inc. [PRCH]: Insider Ownership positions

There are presently around $250 million, or 95.10% of PRCH stock, in the hands of institutional investors. The top three institutional holders of PRCH stocks are: VULCAN VALUE PARTNERS, LLC with ownership of 10,027,757, which is approximately -22.094% of the company’s market cap and around 10.70% of the total institutional ownership; GRANAHAN INVESTMENT MANAGEMENT, LLC, holding 9,998,058 shares of the stock with an approximate value of $27.89 million in PRCH stocks shares; and PARK WEST ASSET MANAGEMENT LLC, currently with $26.09 million in PRCH stock with ownership of nearly -4.097% of the company’s market capitalization.

Positions in Porch Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 93 institutional holders increased their position in Porch Group Inc. [NASDAQ:PRCH] by around 20,143,337 shares. Additionally, 68 investors decreased positions by around 22,891,336 shares, while 16 investors held positions by with 46,712,737 shares. The mentioned changes placed institutional holdings at 89,747,410 shares, according to the latest SEC report filing. PRCH stock had 33 new institutional investments in for a total of 4,984,558 shares, while 35 institutional investors sold positions of 11,263,523 shares during the same period.


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