Matthew Neagle Sells 5,000 Shares of Porch Group, Inc. (NASDAQ:PRCH) Stock

Porch Group, Inc. (NASDAQ:PRCH) COO Matthew Neagle sold 5,000 shares of Porch Group stock in a transaction that occurred on Tuesday, September 21st. The shares were sold at an average price of $19.30, for a total transaction of $96,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Matthew Neagle also recently made the following trade(s):

  • On Friday, September 17th, Matthew Neagle sold 1,000 shares of Porch Group stock. The shares were sold at an average price of $19.49, for a total transaction of $19,490.00.
  • On Wednesday, September 15th, Matthew Neagle sold 1,500 shares of Porch Group stock. The shares were sold at an average price of $18.46, for a total transaction of $27,690.00.
  • On Tuesday, September 7th, Matthew Neagle sold 14,000 shares of Porch Group stock. The shares were sold at an average price of $23.02, for a total transaction of $322,280.00.
  • On Tuesday, August 31st, Matthew Neagle sold 3,800 shares of Porch Group stock. The stock was sold at an average price of $19.39, for a total transaction of $73,682.00.
  • On Friday, August 27th, Matthew Neagle sold 5,500 shares of Porch Group stock. The stock was sold at an average price of $19.49, for a total transaction of $107,195.00.
  • On Tuesday, July 6th, Matthew Neagle sold 12,000 shares of Porch Group stock. The stock was sold at an average price of $19.49, for a total transaction of $233,880.00.
  • On Friday, July 9th, Matthew Neagle sold 1,500 shares of Porch Group stock. The stock was sold at an average price of $19.49, for a total transaction of $29,235.00.

Shares of PRCH traded down $0.58 during trading hours on Tuesday, reaching $18.54. 1,051,843 shares of the company traded hands, compared to its average volume of 1,733,312. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -9.76 and a beta of 0.12. Porch Group, Inc. has a 12-month low of $10.03 and a 12-month high of $24.41. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average price is $18.83 and its 200 day moving average price is $17.70.

Porch Group (NASDAQ:PRCH) last issued its earnings results on Monday, August 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.06. On average, research analysts forecast that Porch Group, Inc. will post -0.62 earnings per share for the current year.

Several equities research analysts recently weighed in on PRCH shares. Zacks Investment Research cut shares of Porch Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 21st. Benchmark lifted their price objective on shares of Porch Group from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 10th. Finally, Oppenheimer initiated coverage on shares of Porch Group in a research note on Monday, June 28th. They set an “outperform” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $25.14.

Institutional investors and hedge funds have recently modified their holdings of the company. The PNC Financial Services Group Inc. purchased a new stake in shares of Porch Group during the first quarter valued at $27,000. Macquarie Group Ltd. purchased a new stake in shares of Porch Group during the second quarter valued at $38,000. Fifth Third Bancorp purchased a new stake in shares of Porch Group during the second quarter valued at $68,000. Shell Asset Management Co. purchased a new stake in shares of Porch Group during the second quarter valued at $71,000. Finally, Legal & General Group Plc bought a new stake in shares of Porch Group in the second quarter valued at about $111,000. 67.04% of the stock is owned by hedge funds and other institutional investors.

Porch Group Company Profile

Porch Group, Inc operates a software platform in the United States and Canada. It provides software and services under the ISN, HireAHelper, and Kandela brands to home services companies, such as home inspectors, homebuyers and homeowners, insurance carriers, moving companies, security companies, and TV/internet providers, as well as offers moving concierge services.

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Insider Buying and Selling by Quarter for Porch Group (NASDAQ:PRCH)

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