Exchange: NASDAQ·Updated 07:30 PM EDT
PRCH logo

PRCH Porch Group Inc - Ordinary Shares - Class A

$16.42
$0.09
(0.54%)
Today
Closed $16.75
$0.33
(1.97%)
After Hours
EarningsNov 4
Mkt Cap$1.89B
Vol1.35M

About PRCH

Porch Group, Inc. engages in the development and operation of a vertical software platform. It operates through the following segments: Insurance Services, Software and Data, Consumer Services, and Corporate. The Insurance Services segment earns management fees from the Reciprocal in exchange for managing and operating its business. The Software and Data segment provides software and data solutions. The Customer Services segment refers to warranty products through Porch Warranty and other warranty brands to protect the whole home. The company was founded by Matt Ehrlichman & Ronnie Castro in 2011 and is headquartered in Seattle, WA.
63

Bullish Sentiment

How do you feel about PRCH?

RemitTekram
$PRCH $TWST $SLS Sincere gratitude for these three winners. You just need one a year get these kind of annualized returns over the last three years. 🙏🙏 Go bulls!
8
KryptonResearch14
$PRCH The sell side clustered this week. Texas Capital upgraded to Strong Buy on Tuesday, then Cantor Fitzgerald raised its target to 20 from 18 on Friday. The stock finished up 5.8% at 17.42. The number behind the call is the reciprocal. Second-quarter reciprocal written premium hit 139.8 million, and that flow drove Porch adjusted EBITDA (excluding the reciprocal) up 150% to 39.1 million. Porch is not a balance-sheet insurer here. It runs the carrier as a reciprocal exchange and collects fees on the premium flowing through it, which is why premium growth translates so directly into EBITDA. Insurance Services revenue grew 38% to 92.9 million in the quarter, and the company raised guidance across the board. Net income attributable to Porch was 5.6 million, positive. Worth noting: Friday's 5.8% came on well-below-average volume, so this one has not exactly been chased yet.
2
coachmc
$PRCH oof. Rates are kryptonite for this stock as seen in the past. Long term pattern is near bullish breakout. With the rates news though I don’t think this has the legs it needs.
1
KingOfStockpicking
$PRCH Insiders selling like crazy. CFO has sold 2 million just this year so far. CEO has sold 12.6 million this year. Why buy when insiders are selling?

Advertisement|Remove ads.