Porch Group, Inc. (NASDAQ:PRCH – Get Free Report) COO Matthew Neagle sold 62,344 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.78, for a total value of $609,724.32. Following the sale, the chief operating officer owned 1,990,705 shares of the company’s stock, valued at $19,469,094.90. This trade represents a 3.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Matthew Neagle also recently made the following trade(s):
- On Friday, May 15th, Matthew Neagle sold 59,983 shares of Porch Group stock. The shares were sold at an average price of $10.34, for a total value of $620,224.22.
- On Tuesday, May 12th, Matthew Neagle sold 63,650 shares of Porch Group stock. The shares were sold at an average price of $10.52, for a total value of $669,598.00.
- On Friday, May 8th, Matthew Neagle sold 60,240 shares of Porch Group stock. The shares were sold at an average price of $11.12, for a total value of $669,868.80.
- On Tuesday, May 5th, Matthew Neagle sold 60,802 shares of Porch Group stock. The shares were sold at an average price of $10.43, for a total value of $634,164.86.
- On Friday, May 1st, Matthew Neagle sold 64,274 shares of Porch Group stock. The stock was sold at an average price of $9.79, for a total value of $629,242.46.
- On Tuesday, April 28th, Matthew Neagle sold 59,901 shares of Porch Group stock. The stock was sold at an average price of $8.11, for a total value of $485,797.11.
- On Friday, April 24th, Matthew Neagle sold 63,979 shares of Porch Group stock. The stock was sold at an average price of $7.68, for a total value of $491,358.72.
- On Tuesday, April 21st, Matthew Neagle sold 62,801 shares of Porch Group stock. The stock was sold at an average price of $8.12, for a total value of $509,944.12.
- On Friday, April 17th, Matthew Neagle sold 58,978 shares of Porch Group stock. The stock was sold at an average price of $7.87, for a total transaction of $464,156.86.
- On Tuesday, April 14th, Matthew Neagle sold 83,599 shares of Porch Group stock. The stock was sold at an average price of $6.84, for a total transaction of $571,817.16.
Porch Group Trading Down 1.8%
Porch Group stock opened at $9.56 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -56.23 and a beta of 3.24. The company’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.79. Porch Group, Inc. has a one year low of $6.36 and a one year high of $19.44. The company has a debt-to-equity ratio of 14.87, a current ratio of 1.28 and a quick ratio of 1.28.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd raised its position in Porch Group by 956.3% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,521 shares of the company’s stock worth $26,000 after purchasing an additional 1,377 shares during the last quarter. Larson Financial Group LLC raised its position in Porch Group by 444.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock worth $31,000 after purchasing an additional 1,499 shares during the last quarter. RiverPark Advisors LLC bought a new position in Porch Group in the 3rd quarter worth approximately $39,000. Osbon Capital Management LLC bought a new position in Porch Group in the 4th quarter worth approximately $25,000. Finally, Kemnay Advisory Services Inc. bought a new position in Porch Group in the 4th quarter worth approximately $38,000. Institutional investors own 48.48% of the company’s stock.
Wall Street Analysts Forecast Growth
PRCH has been the topic of several research analyst reports. Stephens initiated coverage on Porch Group in a research report on Monday, May 4th. They issued an “overweight” rating and a $12.00 price target on the stock. Benchmark increased their target price on shares of Porch Group from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods upgraded shares of Porch Group from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $13.00 to $10.50 in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Porch Group from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.21.
Get Our Latest Stock Report on Porch Group
Porch Group Company Profile
Porch Group, Inc operates a technology-driven home services platform designed to connect homeowners with professional contractors, maintenance providers and home improvement specialists. Through its online marketplace and proprietary software solutions, Porch enables users to research, compare and book services ranging from home repairs and remodeling to maintenance and renovations. The company’s platform integrates detailed provider profiles, customer reviews and real-time appointment scheduling to streamline the process of sourcing and managing home projects.
In addition to its core marketplace, Porch offers software products tailored for service professionals.
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