Porch Group, Inc. (NASDAQ:PRCH) Stock Holdings Lessened by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its stake in shares of Porch Group, Inc. (NASDAQ:PRCH) by 8.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,175 shares of the company’s stock after selling 15,135 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Porch Group were worth $803,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Porch Group by 91.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,017 shares of the company’s stock valued at $54,000 after buying an additional 5,273 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Porch Group by 22.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,524 shares of the company’s stock worth $151,000 after acquiring an additional 5,557 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Porch Group by 5,776.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock valued at $33,000 after purchasing an additional 6,527 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Porch Group in the fourth quarter valued at about $35,000. Finally, Rik Saylor Financial Inc. acquired a new position in Porch Group in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 48.48% of the company’s stock.

Porch Group Price Performance

NASDAQ PRCH opened at $5.91 on Friday. The company’s fifty day moving average is $5.98 and its two-hundred day moving average is $4.61. Porch Group, Inc. has a 52-week low of $1.05 and a 52-week high of $8.49. The firm has a market capitalization of $709.58 million, a price-to-earnings ratio of -8.44 and a beta of 2.15.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PRCH shares. Loop Capital upgraded Porch Group from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, February 26th. Keefe, Bruyette & Woods boosted their target price on shares of Porch Group from $3.50 to $6.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Stephens raised their price target on shares of Porch Group from $8.00 to $10.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Oppenheimer lifted their price objective on shares of Porch Group from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Benchmark increased their target price on shares of Porch Group from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Porch Group has an average rating of “Buy” and an average price target of $7.32.

Insider Buying and Selling

In other news, COO Matthew Neagle sold 27,328 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $6.99, for a total transaction of $191,022.72. Following the completion of the transaction, the chief operating officer now directly owns 1,356,729 shares of the company’s stock, valued at approximately $9,483,535.71. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Tabak sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $5.34, for a total transaction of $53,400.00. Following the completion of the sale, the chief financial officer now directly owns 218,580 shares in the company, valued at approximately $1,167,217.20. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,554 shares of company stock valued at $1,273,590 over the last three months. 23.46% of the stock is owned by corporate insiders.

Porch Group Company Profile

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.