Porch: Porch Group (NASDAQ:PRCH) Stock Price Expected to Rise, Craig Hallum Analyst Says

Porch Group ( NASDAQ:PRCH - Get Free Report ) had its price objective raised by stock analysts at Craig Hallum from $3.00 to $4.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Craig Hallum's target price indicates a potential upside of 66.67% from the company's previous close. Several other equities research analysts also recently weighed in on the company. Cantor Fitzgerald raised Porch Group to a "strong-buy" rating in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Porch Group from $3.75 to $1.50 and set a "market perform" rating for the company in a research report on Thursday, August 8th. Northland Securities reduced their target price on shares of Porch Group from $5.00 to $3.25 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Oppenheimer lowered their price target on shares of Porch Group from $4.50 to $3.50 and set an "outperform" rating for the company in a report on Thursday, August 8th. Finally, Benchmark cut their price objective on shares of Porch Group from $10.00 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $4.32. View Our Latest Research Report on PRCH Porch Group Stock Up 9.6 % Porch Group ( NASDAQ:PRCH - Get Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.07). The firm had revenue of $110.84 million for the quarter, compared to the consensus estimate of $117.91 million. During the same period in the prior year, the firm earned ($0.73) earnings per share. As a group, equities research analysts anticipate that Porch Group will post -0.76 earnings per share for the current year. Insider Activity In related news, CFO Shawn Tabak sold 15,000 shares of the business's stock in a transaction dated Monday, October 28th. The stock was 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 directly owns 278,298 shares of the company's stock, valued at $556,596. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Company insiders own 23.46% of the company's stock. Institutional Trading of Porch Group Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its position in Porch Group by 186.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company's stock valued at $5,794,000 after purchasing an additional 2,457,915 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Porch Group by 53.8% during the second quarter. Renaissance Technologies LLC now owns 2,184,500 shares of the company's stock valued at $3,299,000 after acquiring an additional 763,800 shares during the period. Marshall Wace LLP boosted its holdings in shares of Porch Group by 11.8% during the second quarter. Marshall Wace LLP now owns 2,152,174 shares of the company's stock valued at $3,250,000 after acquiring an additional 226,721 shares during the period. Acadian Asset Management LLC grew its position in shares of Porch Group by 444.5% during the second quarter. Acadian Asset Management LLC now owns 1,571,003 shares of the company's stock worth $2,369,000 after acquiring an additional 1,282,500 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Porch Group in the 1st quarter worth about $3,906,000. 48.48% of the stock is owned by institutional investors and hedge funds. Porch Group Company Profile ( Get Free Report ) 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. See Also Five stocks we like better than Porch Group How Investors Can Find the Best Cheap Dividend Stocks Boeing: Why Analysts Think Now's The Time To Be Brave How to Use the MarketBeat Excel Dividend Calculator Advanced Micro Devices is Building Momentum with AI: Buy the Dip What is the Euro STOXX 50 Index? Can Evolv Stock Recover From Its Massive Self-Inflicted Drop? Receive News & Ratings for Porch Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Porch Group and related companies with MarketBeat.com's FREE daily email newsletter .