Porch Group Inc (PRCH) Performance and Fundamentals Dashboard tells a completely different story

Porch Group Inc (NASDAQ: PRCH) stock fell -1.42% on Monday to $1.39 against a previous-day closing price of $1.41. With 1.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.27 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.5200 whereas the lowest price it dropped to was $1.3700. The 52-week range on PRCH shows that it touched its highest point at $3.99 and its lowest point at $0.50 during that stretch. It currently has a 1-year price target of $3.47. Beta for the stock currently stands at 1.62.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PRCH was up-trending over the past week, with a rise of 10.32%, but this was up by 152.73% over a month. Three-month performance surged to 61.63% while six-month performance rose 6.11%. The stock lost -22.78% in the past year, while it has lost -26.06% so far this year. A look at the trailing 12-month EPS for PRCH yields -1.74 with Next year EPS estimates of -0.89. For the next quarter, that number is -0.20. This implies an EPS growth rate of 2.13% for this year and 43.67% for next year.

Float and Shares Shorts:

At present, 98.46 million PRCH shares are outstanding with a float of 75.87 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.66 million, which was 7.78% higher than short shares on Sep 28, 2023. In addition to Mr. Matthew Ehrlichman as the firm’s Founder, Chairman & CEO, Mr. Shawn Tabak serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 68.51% of PRCH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.66% of PRCH, in contrast to 24.36% held by mutual funds. Shares owned by individuals account for 23.36%. As the largest shareholder in PRCH with 10.78% of the stake, Granahan Investment Management, L holds 10,612,541 shares worth 10,612,541. A second-largest stockholder of PRCH, The Vanguard Group, Inc., holds 5,768,101 shares, controlling over 5.86% of the firm’s shares. Fidelity National Financial, Inc is the third largest shareholder in PRCH, holding 4,700,000 shares or 4.78% stake. With a 3.31% stake in PRCH, the Fidelity Global Innovators Invest is the largest stakeholder. A total of 3,259,200 shares are owned by the mutual fund manager. The JNL Multi-Manager Small Cap Growt, which owns about 2.70% of PRCH stock, is the second-largest Mutual Fund holder. It holds 2,654,803 shares valued at 1.49 million. Vanguard Total Stock Market ETF holds 2.50% of the stake in PRCH, owning 2,459,734 shares worth 1.38 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PRCH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PRCH analysts setting a high price target of $10.00 and a low target of $1.00, the average target price over the next 12 months is $3.47. Based on these targets, PRCH could surge 619.42% to reach the target high and fall by -28.06% to reach the target low. Reaching the average price target will result in a growth of 149.64% from current levels.

Summary of Insider Activity:

Insiders traded PRCH stock several times over the past three months with 21 Buys and 6 Sells. In these transactions, 2,327,777 shares were bought while 36,702 shares were sold. The number of buy transactions has increased to 47 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 5,636,003 while 2,745,744 shares were sold.