23,888 Shares in Porch Group, Inc. (NASDAQ:PRCH) Bought by Caprock Group LLC

Caprock Group LLC bought a new stake in Porch Group, Inc. (NASDAQ:PRCH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,888 shares of the company’s stock, valued at approximately $37,000.

Several other large investors also recently modified their holdings of PRCH. Mackenzie Financial Corp raised its holdings in shares of Porch Group by 102.4% during the second quarter. Mackenzie Financial Corp now owns 23,908 shares of the company’s stock worth $36,000 after acquiring an additional 12,097 shares during the period. SG Americas Securities LLC acquired a new position in Porch Group in the 3rd quarter worth $42,000. Los Angeles Capital Management LLC bought a new position in Porch Group during the 3rd quarter worth about $46,000. Susquehanna Fundamental Investments LLC raised its stake in shares of Porch Group by 34.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 37,489 shares of the company’s stock valued at $57,000 after purchasing an additional 9,626 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Porch Group in the first quarter valued at about $80,000. 48.48% of the stock is currently owned by institutional investors.

Porch Group Stock Up 4.1 %

Porch Group stock opened at $3.59 on Tuesday. Porch Group, Inc. has a twelve month low of $1.05 and a twelve month high of $4.78. The stock has a market cap of $429.15 million, a P/E ratio of -5.13 and a beta of 1.98. The company’s 50-day moving average price is $2.03 and its two-hundred day moving average price is $1.85.

Insider Activity

In other Porch Group news, CFO Shawn Tabak sold 15,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the sale, the chief financial officer now owns 278,298 shares of the company’s stock, valued at $556,596. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PRCH has been the subject of a number of research reports. Cantor Fitzgerald upgraded Porch Group to a “strong-buy” rating in a report on Tuesday, August 13th. Stephens raised their price target on shares of Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Craig Hallum boosted their price objective on shares of Porch Group from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Benchmark restated a “buy” rating and set a $7.00 target price on shares of Porch Group in a report on Tuesday, October 29th. Finally, Northland Securities lowered their price target on shares of Porch Group from $5.00 to $3.25 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $4.18.

About Porch Group

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.