Porch Group Inc (NASDAQ:PRCH)’s traded shares stood at 1.43 million during the last session, with the company’s beta value hitting 2.05. At the close of trading, the stock’s price was $4.78, to imply an increase of 7.17% or $0.32 in intraday trading. The PRCH share’s 52-week high remains $6.03, putting it -26.15% down since that peak but still an impressive 78.03% since price per share fell to its 52-week low of $1.05. The company has a valuation of $488.66M, with an average of 1.7 million shares in intraday trading volume over the past 10 days and average of 2.73 million shares over the past 3 months.
Porch Group Inc (NASDAQ:PRCH) trade information
After registering a 7.17% upside in the last session, Porch Group Inc (PRCH) has traded red over the past five days. The 5-day price performance for the stock is -5.72%, and -8.60% over 30 days. With these gigs, the year-to-date price performance is -2.85%. Short interest in Porch Group Inc (NASDAQ:PRCH) saw shorts transact 9.91 million shares and set a 3.33 days time to cover.
The extremes give us $4 and $4 for target low and target high price respectively. As such, PRCH has been trading 16.32% off suggested target high and 16.32% from its likely low.
Porch Group Inc (PRCH) estimates and forecasts
Looking at statistics comparing Porch Group Inc share performance against respective industry, we note that the company has outperformed competitors. Porch Group Inc (PRCH) shares are 112.44% up over the last 6 months, with its year-to-date growth rate higher than industry average at 54.68% against 25.50%. The rating firms project that company’s revenue will grow 4.06% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 110.3M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 92.35M.Earnings reports from the last fiscal year show that sales brought in 114.61M and 115.44M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.76% before dropping -20.00% in the following quarter.
PRCH Dividends
Porch Group Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
Porch Group Inc insiders hold 19.40% of total outstanding shares, with institutional holders owning 48.01% of the shares at 59.57% float percentage. In total, 48.01% institutions holds shares in the company, led by GRANAHAN INVESTMENT MANAGEMENT, LLC. As of 2024-06-30, the company held over 9.89 million shares (or 10.142% of shares), all amounting to roughly $14.93 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 4.98 million shares, or about 5.1095% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.52 million.
We also have Harbor Funds II-Embark Small Cap Equity Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Porch Group Inc (PRCH) shares. Going by data provided on Oct 31, 2024 , Harbor Funds II-Embark Small Cap Equity Fund holds roughly 3.83 shares. This is just over 3.20% of the total shares, with a market valuation of $18.31 million. Data from the same date shows that the other fund manager holds a little less at 2.5, or 2.09% of the shares, all valued at about 11.93 million.
