In the last trading session, 6.24 million shares of the Porch Group Inc (NASDAQ:PRCH) were traded, and its beta was 2.02. Most recently the company’s share price was $2.19, and it changed around $0.01 or 0.46% from the last close, which brings the market valuation of the company to $220.01M. PRCH currently trades at a discount to its 52-week high of $4.78, offering almost -118.26% off that amount. The share price’s 52-week low was $0.54, which indicates that the current value has risen by an impressive 75.34% since then. We note from Porch Group Inc’s average daily trading volume that its 10-day average is 3.33 million shares, with the 3-month average coming to 1.19 million.

Porch Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended PRCH as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Porch Group Inc is expected to report earnings per share of -0.3 for the current quarter.

Porch Group Inc (NASDAQ:PRCH) trade information

Instantly PRCH has showed a green trend with a performance of 0.46% 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 2.57 on recent trading dayincreased the stock’s daily price by 14.79%. The company’s shares are currently down -28.90% year-to-date, but still up 58.70% over the last five days. On the other hand, Porch Group Inc (NASDAQ:PRCH) is 42.67% up in the 30-day period. We can see from the shorts that 9.71 million shares have been sold at a short interest cover period of 14.09 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 27.0% from its current value. Analyst projections state that PRCH is forecast to be at a low of $2 and a high of $4.

Porch Group Inc (PRCH) estimates and forecasts

Porch Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -31.35 percent over the past six months and at a 45.32% annual growth rate that is well above the industry average of 18.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -400.00% in revenue this quarter, and will report an increase of 366.70% in the next quarter. The year-over-year growth rate is expected to be 6.50%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 116.22M in revenue for the current quarter. 5 analysts expect Porch Group Inc to make 109.06M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 129.56M and 114.61M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.30%. Forecasts for the next quarter put sales growth at -4.80%.

PRCH Dividends

Porch Group Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.

Porch Group Inc (NASDAQ:PRCH)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 19.55% of Porch Group Inc shares, and 49.17% of them are in the hands of institutional investors. The stock currently has a share float of 61.12%. Porch Group Inc stock is held by 138.0 institutions, with GRANAHAN INVESTMENT MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 10.142% of the shares, which is about 9.89 million shares worth $14.93 million.

BLACKROCK INC., with 5.1095% or 4.98 million shares worth $7.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.