In the last trading session, 2.07 million Porch Group Inc (NASDAQ:PRCH) shares changed hands as the company’s beta touched 2.25. With the company’s per share price at $6.29 changed hands at $0.35 or 5.89% during last session, the market valuation stood at $640.02M. PRCH’s last price was a discount, traded about -16.06% off its 52-week high of $7.30. The share price had its 52-week low at $1.05, which suggests the last value was 83.31% up since then. When we look at Porch Group Inc’s average trading volume, we note the 10-day average is 2.0 million shares, with the 3-month average coming to 2.19 million.
Porch Group Inc (NASDAQ:PRCH) trade information
Instantly PRCH was in green as seen at the end of in last trading. With action 8.35%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 27.85%, with the 5-day performance at 8.35% in the green. However, in the 30-day time frame, Porch Group Inc (NASDAQ:PRCH) is 28.11% up. Looking at the short shares, we see there were 10.42 million shares sold at short interest cover period of 3.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need a downside of -57.25% from its current market value. According to analyst projections, PRCH’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a 36.41% surge from its current level, while the stock would need to tank 36.41% for it to hit the projected low.
Porch Group Inc (PRCH) estimates and forecasts
Year-over-year growth is forecast to reach -8.86% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 79.44M. 6 analysts are of the opinion that Porch Group Inc’s revenue for the current quarter will be 96.85M. The company’s revenue for the corresponding quarters a year ago was 115.44M and 110.84M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -31.19%. The estimates for the next quarter sales put growth at -12.62%.
The 2025 estimates are for Porch Group Inc earnings to increase by 64.71%.
PRCH Dividends
Porch Group Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
Porch Group Inc (NASDAQ:PRCH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.23% of Porch Group Inc shares while 54.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.35%. There are 54.40% institutions holding the Porch Group Inc stock share, with GRANAHAN INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 9.9701% of the shares, roughly 9.89 million PRCH shares worth $14.93 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.1095% or 4.98 million shares worth $7.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Harbor Funds II-Embark Small Cap Equity Fund and Vanguard Total Stock Market Index Fund . With 3.83 shares estimated at $24.1 million under it, the former controlled 3.19% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.78% of the shares, roughly 3.34 shares worth around $21.0 million.
