Porch Group Inc (NASDAQ: PRCH) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. The current market capitalization of Porch Group Inc is $314.27M. A total of 0.67 million shares were traded on the day, compared to an average of 1.62M shares.

In the most recent transaction, Tabak Shawn sold 19,040 shares of PRCH for 4.04 per share on Mar 26 ’24. After the transaction, the CHIEF FINANCIAL OFFICER now owns 292,311 company shares. In a previous transaction on Mar 21 ’24, Tabak Shawn sold 25,678 shares at 4.00 per share. PRCH shares that CHIEF FINANCIAL OFFICER owns now total 311,351.

Among the insiders who sold shares, Tabak Shawn disposed of 30,282 shares on Mar 20 ’24 at a per-share price of $3.86. This resulted in the CHIEF FINANCIAL OFFICER holding 337,029 shares of PRCH after the transaction. In another insider transaction, Velasquez Camilla bought 1,969 shares at $2.53 per share on Dec 15 ’23. Company shares held by the Director now total 45,218.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PRCH has a high of $4.78 and a low of $0.50.

As of this writing, PRCH has an earnings estimate of $Porch Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of Arch Resources, Inc. estimates, with a high estimate of $PotlatchDeltic Corporation – Co per share and a lower estimate of $PROCEPT BioRobotics Corporation.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PRCH’s latest balance sheet shows that the firm has $324.99M in Cash & Short Term Investments as of fiscal 2021. There were $417.43M in debt and $363.12M in liabilities at the time. Its Book Value Per Share was -$0.37, while its Total Shareholder’s Equity was $217.04M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRCH is Buy with a score of 4.33.

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