Quantinno Capital Management LP grew its stake in shares of Porch Group, Inc. (NASDAQ:PRCH – Free Report) by 195.9% in the first quarter, HoldingsChannel.com reports. The firm owned 73,939 shares of the company’s stock after purchasing an additional 48,949 shares during the period. Quantinno Capital Management LP’s holdings in Porch Group were worth $530,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Osbon Capital Management LLC purchased a new position in shares of Porch Group during the fourth quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd raised its position in Porch Group by 97.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,002 shares of the company’s stock valued at $27,000 after buying an additional 1,481 shares during the last quarter. Larson Financial Group LLC lifted its stake in Porch Group by 444.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the company’s stock valued at $31,000 after acquiring an additional 1,499 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Porch Group during the 4th quarter valued at $38,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Porch Group by 697.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,390 shares of the company’s stock worth $67,000 after acquiring an additional 8,213 shares during the last quarter. 48.48% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CFO Shawn Tabak sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $10.08, for a total transaction of $302,400.00. Following the completion of the sale, the chief financial officer owned 269,439 shares in the company, valued at approximately $2,715,945.12. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 83,944 shares of company stock worth $1,153,771 in the last three months. 27.78% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
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Porch Group Stock Up 0.2%
Shares of NASDAQ:PRCH opened at $17.08 on Friday. The company has a market capitalization of $2.25 billion, a PE ratio of -142.33 and a beta of 3.15. The company has a debt-to-equity ratio of 20.53, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average price of $14.20 and a two-hundred day moving average price of $10.47. Porch Group, Inc. has a 1 year low of $6.36 and a 1 year high of $19.44.
Porch Group (NASDAQ:PRCH – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. The firm had revenue of $131.81 million during the quarter, compared to analyst estimates of $122.30 million. Porch Group had a negative return on equity of 68.47% and a negative net margin of 2.67%. Analysts forecast that Porch Group, Inc. will post -0.09 earnings per share for the current year.
About Porch Group
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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