Capital Advisors Inc. OK Makes New Investment in Porch Group, Inc. (NASDAQ:PRCH)

Capital Advisors Inc. OK acquired a new position in Porch Group, Inc. (NASDAQ:PRCHFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 75,445 shares of the company’s stock, valued at approximately $232,000. Capital Advisors Inc. OK owned about 0.08% of Porch Group at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fidelity National Financial Inc. purchased a new position in shares of Porch Group in the 3rd quarter worth approximately $3,772,000. FMR LLC boosted its holdings in shares of Porch Group by 7,804.2% in the 1st quarter. FMR LLC now owns 3,267,678 shares of the company’s stock worth $4,673,000 after purchasing an additional 3,226,337 shares during the period. State Street Corp boosted its holdings in shares of Porch Group by 57.2% in the 2nd quarter. State Street Corp now owns 3,289,130 shares of the company’s stock worth $8,420,000 after purchasing an additional 1,196,716 shares during the period. Luminus Management LLC boosted its holdings in shares of Porch Group by 102.2% in the 3rd quarter. Luminus Management LLC now owns 2,275,000 shares of the company’s stock worth $1,826,000 after purchasing an additional 1,150,000 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Porch Group by 40.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,692,247 shares of the company’s stock worth $9,452,000 after purchasing an additional 1,065,665 shares during the period. Institutional investors own 48.48% of the company’s stock.

Insiders Place Their Bets

In other Porch Group news, CFO Shawn Tabak sold 25,678 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $4.00, for a total value of $102,712.00. Following the completion of the sale, the chief financial officer now directly owns 311,351 shares in the company, valued at approximately $1,245,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.95% of the company’s stock.

Wall Street Analyst Weigh In

PRCH has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $6.00 target price on shares of Porch Group in a report on Thursday. Cantor Fitzgerald boosted their price objective on Porch Group from $3.00 to $5.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Porch Group from $3.50 to $3.75 and gave the company a “market perform” rating in a report on Friday, March 22nd.

Check Out Our Latest Analysis on Porch Group

Porch Group Stock Performance

PRCH opened at $3.67 on Monday. The business has a fifty day moving average of $3.46 and a 200 day moving average of $2.34. Porch Group, Inc. has a 52-week low of $0.50 and a 52-week high of $4.78.

Porch Group (NASDAQ:PRCHGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Porch Group had a negative return on equity of 1,182.09% and a negative net margin of 31.12%. The company had revenue of $114.61 million during the quarter, compared to analysts’ expectations of $99.60 million. During the same quarter in the previous year, the business earned ($0.32) EPS. On average, analysts expect that Porch Group, Inc. will post -0.83 EPS for the current fiscal year.

Porch Group Company Profile

(Free Report)

Porch Group, Inc, together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services.

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Institutional Ownership by Quarter for Porch Group (NASDAQ:PRCH)

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