Porch Group, Inc. (NASDAQ:PRCH – Get Rating) CEO Matt Ehrlichman bought 46,508 shares of the firm's stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average price of $1.63 per share, with a total value of $75,808.04. Following the completion of the transaction, the chief executive officer now directly owns 9,849,858 shares of the company's stock, valued at $16,055,268.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Matt Ehrlichman also recently made the following trade(s):
Get Porch Group alerts:- On Friday, November 18th, Matt Ehrlichman bought 58,132 shares of Porch Group stock. The shares were acquired at an average price of $1.66 per share, with a total value of $96,499.12.
Porch Group Stock Performance
PRCH stock opened at $2.10 on Thursday. The firm has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $2.52. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.28 and a quick ratio of 1.28. Porch Group, Inc. has a 52 week low of $0.94 and a 52 week high of $23.08.
Institutional Trading of Porch Group
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nadler Financial Group Inc. purchased a new stake in Porch Group during the 2nd quarter valued at about $26,000. Brinker Capital Investments LLC purchased a new stake in Porch Group during the 2nd quarter valued at about $28,000. Brighton Jones LLC purchased a new stake in Porch Group during the 2nd quarter valued at about $28,000. Centiva Capital LP purchased a new stake in Porch Group during the 2nd quarter valued at about $29,000. Finally, Sawtooth Solutions LLC purchased a new stake in Porch Group during the 2nd quarter valued at about $31,000.Analysts Set New Price Targets
A number of research firms have weighed in on PRCH. Northland Securities cut their price objective on shares of Porch Group from $7.00 to $4.50 in a report on Wednesday, November 9th. JPMorgan Chase & Co. cut shares of Porch Group from an "overweight" rating to a "neutral" rating in a report on Wednesday, November 9th. Cantor Fitzgerald began coverage on shares of Porch Group in a report on Wednesday, August 10th. They issued an "overweight" rating and a $8.00 price objective for the company. Finally, Oppenheimer cut their price objective on shares of Porch Group from $9.00 to $3.00 in a report on Wednesday, November 9th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Porch Group has an average rating of "Moderate Buy" and an average price target of $12.10.
About Porch Group
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Porch Group, Inc operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers.
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