Werba Rubin Papier Wealth Management Has $538,000 Holdings in Porch Group, Inc. (NASDAQ:PRCH)

Werba Rubin Papier Wealth Management cut its stake in shares of Porch Group, Inc. (NASDAQ:PRCH) by 25.0% during the 4th quarter, Holdings Channel reports. The fund owned 109,286 shares of the company’s stock after selling 36,364 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Porch Group were worth $538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PRCH. Zacks Investment Management bought a new position in shares of Porch Group in the third quarter valued at $32,000. Nisa Investment Advisors LLC increased its holdings 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 worth $33,000 after buying an additional 6,527 shares during the last quarter. Caprock Group LLC purchased a new stake in Porch Group during the third quarter worth about $37,000. SG Americas Securities LLC purchased a new stake in Porch Group during the third quarter worth about $42,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Porch Group in the third quarter worth about $46,000. 48.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

Porch Group Price Performance

Shares of Porch Group stock opened at $5.21 on Wednesday. The stock has a market cap of $622.80 million, a price-to-earnings ratio of -7.44 and a beta of 2.03. The firm’s 50-day moving average is $4.84 and its 200 day moving average is $3.05. Porch Group, Inc. has a 1 year low of $1.05 and a 1 year high of $6.03.

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.