During the last session, Porch Group Inc (NASDAQ:PRCH)’s traded shares were 0.62 million, with the beta value of the company hitting 2.00. The 52-week high for the PRCH share is $6.03, that puts it down -36.73 from that peak though still a striking 76.19% gain since the share price plummeted to a 52-week low of $1.05. The company’s market capitalization is $450.84M, and the average intraday trading volume over the past 10 days was 1.02 million shares, and the average trade volume was 2.80 million shares over the past three months.
Porch Group Inc (NASDAQ:PRCH) trade information
The stock’s 5-day price performance is -7.16%, and it has moved by -13.36% in 30 days. Based on these gigs, the overall price performance for the year is 83.75%. The short interest in Porch Group Inc (NASDAQ:PRCH) is 9.91 million shares and it means that shorts have 3.33 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies a decrease of -10.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $4 respectively. As a result, PRCH is trading at a premium of 9.3% off the target high and 9.3% off the low.
Porch Group Inc (PRCH) estimates and forecasts
Statistics show that Porch Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. Porch Group Inc (PRCH) shares have gone up 135.83% during the last six months, with a year-to-date growth rate more than the industry average at 54.68% against 25.80. In the rating firms’ projections, revenue will increase 4.06% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 110.3M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 92.35M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 114.61M and 115.44M respectively. In this case, analysts expect current quarter sales to shrink by -3.76% and then drop by -20.00% in the coming quarter.
While earnings are projected to return 59.95% in 2025.
PRCH Dividends
Porch Group Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
Porch Group Inc insiders own 19.40% of total outstanding shares while institutional holders control 47.99%, with the float percentage being 59.54%. GRANAHAN INVESTMENT MANAGEMENT, LLC is the largest shareholder of the company, while 127.0 institutions own stock in it. As of 2024-06-30, the company held over 9.89 million shares (or 10.142% of all shares), a total value of $14.93 million in shares.
The next largest institutional holding, with 4.98 million shares, is of BLACKROCK INC.’s that is approximately 5.1095% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Porch Group Inc (PRCH) shares are Harbor Funds II-Embark Small Cap Equity Fund and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that Harbor Funds II-Embark Small Cap Equity Fund owns about 3.83 shares. This amounts to just over 3.20 percent of the company’s overall shares, with a $16.9 million market value. The same data shows that the other fund manager holds slightly less at 2.5, or about 2.09% of the stock, which is worth about $11.0 million.
