Rik Saylor Financial Inc. Buys Shares of 10,000 Porch Group, Inc. (NASDAQ:PRCH)

Rik Saylor Financial Inc. acquired a new position in Porch Group, Inc. (NASDAQ:PRCH) during the 4th quarter, Holdings Channel reports. The firm acquired 10,000 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors have also recently made changes to their positions in PRCH. Harbor Capital Advisors Inc. raised its position in Porch Group by 186.6% in the third quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company’s stock worth $5,794,000 after acquiring an additional 2,457,915 shares during the period. Geode Capital Management LLC raised its holdings in Porch Group by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,987,881 shares of the company’s stock worth $3,052,000 after purchasing an additional 163,133 shares during the period. State Street Corp raised its holdings in Porch Group by 7.4% in the 3rd quarter. State Street Corp now owns 1,667,493 shares of the company’s stock worth $2,560,000 after purchasing an additional 115,176 shares during the period. GSA Capital Partners LLP raised its holdings in Porch Group by 223.4% in the 3rd quarter. GSA Capital Partners LLP now owns 1,532,616 shares of the company’s stock worth $2,353,000 after purchasing an additional 1,058,653 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in Porch Group by 11.5% in the 4th quarter. Moody National Bank Trust Division now owns 441,800 shares of the company’s stock worth $2,174,000 after purchasing an additional 45,639 shares during the period. Institutional investors own 48.48% of the company’s stock.

Porch Group Stock Performance

Shares of NASDAQ PRCH opened at $4.53 on Thursday. The firm’s 50-day moving average price is $4.84 and its 200-day moving average price is $2.87. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $6.03.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $111.20 million during the quarter. During the same quarter in the prior year, the firm earned ($0.12) EPS. Analysts anticipate that Porch Group, Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Activity at Porch Group

In related news, CFO Shawn Tabak sold 21,774 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $6.00, for a total value of $130,644.00. Following the sale, the chief financial officer now directly owns 287,839 shares of the company’s stock, valued at $1,727,034. This represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on PRCH. Benchmark reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Porch Group in a research note on Tuesday, October 29th. Loop Capital restated a “hold” rating and set a $6.00 price objective on shares of Porch Group in a research report on Monday, December 9th. Craig Hallum lifted their target price on Porch Group from $4.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Stephens lifted their target price on Porch Group from $4.00 to $5.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Oppenheimer lifted their price objective on shares of Porch Group from $4.00 to $7.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Porch Group currently has a consensus rating of “Moderate Buy” and an average target price of $5.34.

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.