In the last trading session, 2,216,912 shares of the Porch Group Inc. (NASDAQ:PRCH) were traded, and its beta was 0. Most recently the company’s share price was $17.46, and it changed around -$0.16 or -0.01% from the last close, which brings the market valuation of the company to $1.56 Billion. PRCH currently trades at a discount to its 52-week high of $24.41, offering almost -39.81% off that amount. The share price’s 52-week low was $9.75, which indicates that the current value has risen by an impressive 44.16% since then. We note from Porch Group Inc.’s average daily trading volume that its 10-day average is 1.18 Million shares, with the 3-month average coming to 2.13 Million.
Porch Group Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended PRCH as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Porch Group Inc. is expected to report earnings per share of -$0.32 for the current quarter.
Porch Group Inc. (NASDAQ:PRCH): Trading Information
Although PRCH has showed a red trend with a performance of -0.91% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $18.36 on Wednesday, Mar 31 increased the stock’s daily price by 4.9%. The company’s shares are currently up 0.22% year-to-date, but still up 0.038 over the last five days. On the other hand, Porch Group Inc. (NASDAQ:PRCH) is 0.03% up in the 30-day period. We can see from the shorts that 3.53 Million shares have been sold at a short interest cover period of 1.66 day (s).
The consensus price target as assigned by Wall Street analysts is $26, which translates to bears needing to increase their stock price by 48.91% from its current value. Analyst projections state that PRCH is forecast to be at a low of $25 and a high of $27. In order for the stock price to hit the forecast high, the stock would need to surge +54.64% from its current level, while the stock would need to crash 43.18% from its current level to reach the projected low.
Porch Group Inc. (PRCH) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Porch Group Inc. earnings are expected to increase by 38.7% in 2021, but the outlook is negative 0% per year for the next five years.
Porch Group Inc. (NASDAQ:PRCH)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 25.82% of Porch Group Inc. shares, and 40.26% of them are in the hands of institutional investors. The stock currently has a share float of 54.27%. Porch Group Inc. stock is held by 66 institutions, with Granahan Investment Management Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.59% of the shares, which is about 4.11 Million shares worth $58.6 Million.
Falcon Edge Capital, LP, with 3.94% or 3.52 Million shares worth $50.21 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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JNL Series Trust-JNL/Multi Manager Small Cap GrowthFd and Hartford Small Company Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 666632 shares worth $9.51 Million, making up 0.75% of all outstanding shares. On the other hand, Hartford Small Company Fund held roughly 584.65 Thousand shares worth around $8.66 Million, which represents about 0.65% of the total shares outstanding.