PropTech Acquisition (NASDAQ:PTAC) Posts Quarterly Earnings Results

PropTech Acquisition (NASDAQ:PTAC) released its quarterly earnings results on Friday. The company reported $0.07 EPS for the quarter, FiscalAI reports.

PropTech Acquisition Stock Performance

Shares of PTAC stock remained flat at $10.01 on Friday. The company had a trading volume of 6 shares, compared to its average volume of 55,581. The firm has a 50-day moving average of $10.01 and a 200 day moving average of $8.03. PropTech Acquisition has a 52-week low of $9.74 and a 52-week high of $10.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on PropTech Acquisition in a report on Monday, September 28th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, PropTech Acquisition presently has a consensus rating of “Sell”.

About PropTech Acquisition

PropTech Acquisition Corporation was a special purpose acquisition company formed to pursue a merger or similar business combination with a technology-focused company in the real estate and property technology sectors. It did not operate a separate consumer product or service business while seeking a transaction. In December 2020, PropTech Acquisition completed its business combination with Porch.com, a software and services platform for the home services industry. Porch’s offerings included software for home service professionals and services that connected consumers with providers for home-related needs.