JP Morgan downgraded Porch Group from Overweight to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/2/2025 | $21.00 | Buy | Goldman |
| 7/1/2025 | $15.00 | Buy | B. Riley Securities |
| 2/26/2025 | $6.00 | Hold → Buy | Loop Capital |
| 12/9/2024 | $6.00 | Hold | Loop Capital |
| 3/15/2023 | $4.00 → $2.00 | Buy → Hold | Loop Capital |
| 11/9/2022 | Overweight → Neutral | JP Morgan | |
| 8/10/2022 | $10.00 → $8.00 | Overweight | Cantor Fitzgerald |
| 7/25/2022 | $5.25 → $3.25 | Outperform → Mkt Perform | Keefe Bruyette |
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
Porch Group today announced that its Home Factors property intelligence platform has completed testing with multiple new insurance carriers and the analysis demonstrated delivery of consistent, high-impact results, generating ROI1 greater than 20x across each carrier. Over the next several months, the company expects to approach 100 property attributes available, enabling insurers to gain a comprehensive view of nearly 90% of homes across the United States. Home Factors provided insights to over 88% of the carriers' policy data. Analysis identified segments with 23%–50% higher loss ratios, tied to attributes such as signs of water intrusion, electrical panel size, and signs of electrical
Porch Group, Inc. ("Porch") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: August 11-12, 2025: Oppenheimer Technology, Internet & Communications Conference (Virtual) August 13, 2025: Benchmark Non-Deal Roadshow (Virtual) August 14, 2025: Needham FinTech & Digital Transformation Conference (Virtual) August 20-21, 2025: Craig Hallum Non-Deal Roadshow (San Francisco/Los Angeles) September 3, 2025: KBW Insurance Conference (New York) September 4, 2025: Benchmark TMT Conference (New York)
Exceeds Expectations and Increases Guidance Driven by Insurance Services Porch Group, Inc. ("Porch Group", "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today reported second quarter results through June 30, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders1 second quarter 2025 revenue of $107.0 million. Net income attributable to Porch was $2.6 million, and Adjusted EBITDA was $15.6 million, an increase of $50.4 million compared to prior year2. On January 2, 2025, the Porch Reciprocal Exchange ("Reciprocal") was formed as an insurance entity owned by its policyholder-members and not by Po
Goldman initiated coverage of Porch Group with a rating of Buy and set a new price target of $21.00
B. Riley Securities initiated coverage of Porch Group with a rating of Buy and set a new price target of $15.00
Loop Capital upgraded Porch Group from Hold to Buy and set a new price target of $6.00
SCHEDULE 13D/A - Porch Group, Inc. (0001784535) (Subject)
144 - Porch Group, Inc. (0001784535) (Subject)
10-Q - Porch Group, Inc. (0001784535) (Filer)
4/A - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the appointment of John Campbell as VP of Investor Relations, effective June 9, 2025. John will report to Shawn Tabak, Chief Financial Officer, and will be responsible for leading Porch's engagement with investors and analysts, providing insights into Porch's financial performance and strategic direction. John brings 14 years of sell-side experience. Prior to joining Porch, John served as Managing Director at Stephens Inc where he led coverage of real estate-related stocks. "We are thrilled to welcome John to Porch," said Shawn Tabak, Chief Financial Officer. "His ex
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced significant continued expansion with its insurance agency distribution channel, including new partnerships with Roamly Insurance Group ("Roamly"), Evertree Insurance Services, LLC ("Evertree") and MassDrive Insurance Group, LLC ("MassDrive"). One of Porch's strategic priorities is to scale insurance premiums, having restarted this growth engine at the end of 2024. To further distribution, Porch is expanding the Porch Reciprocal Exchange's ("the Reciprocal") relationships with third party insurance agencies. The Reciprocal looks to differentiate itself to insurance agenci
Reduces 2026 Debt Maturity to $29 Million Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced a delevering transaction with the privately negotiated repurchase of $144.3 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2026 (the "2026 Notes") and the concurrent pricing of a private offering of $134.0 million aggregate principal amount of newly issued 9.00% Convertible Senior Unsecured Notes due 2030 of the Company (the "2030 Notes"). These refinancing transactions (the "Refinancing Transactions") are expected to close on May 27, 2025, subject to customary closing conditions. The
Exceeds Expectations and Increases Guidance Driven by Insurance Services Porch Group, Inc. ("Porch Group", "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today reported second quarter results through June 30, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders1 second quarter 2025 revenue of $107.0 million. Net income attributable to Porch was $2.6 million, and Adjusted EBITDA was $15.6 million, an increase of $50.4 million compared to prior year2. On January 2, 2025, the Porch Reciprocal Exchange ("Reciprocal") was formed as an insurance entity owned by its policyholder-members and not by Po
Porch Group, Inc. ("Porch") (NASDAQ:PRCH), a new kind of homeowners insurance company, announced today it will report financial results for the second quarter ended June 30, 2025, after markets close on Tuesday, August 5, 2025. Q2'25 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, August 5, 2025, at 5:00 p.m. Eastern (2:00 p.m. Pacific). A presentation to accompany the discussion will be posted on the company website, along with a press release and other supplemental financial information. All are invited to listen to the event live by registering for the webinar here. A webinar replay will al
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the continued outstanding performance of Homeowners of America Insurance Company ("HOA"), per the AM Best Market Share Report1, as well as continued exceptional loss ratio performance at HOA and the Porch Reciprocal Exchange in Q1 2025. In 2024, the final year of Porch's ownership of HOA, the carrier was ranked number 1 in Texas for Direct Combined Ratio2 performance among homeowners insurance carrier peers. Additionally, HOA ranked third nationally, its best ever performance. Porch's underwriting strength reflects Porch's unique data advantage including insights into 90
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)