Porch Group downgraded by Loop Capital with a new price target
$PRCH
Computer Software: Prepackaged Software
Technology
Loop Capital downgraded Porch Group from Buy to Hold and set a new price target of $2.00 from $4.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 5/25/2022 | $11.50 | Buy | Compass Point |
| 5/23/2022 | $8.00 | Overweight | JP Morgan |
Loop Capital upgraded Porch Group from Hold to Buy and set a new price target of $6.00
Loop Capital resumed coverage of Porch Group with a rating of Hold and set a new price target of $6.00
Loop Capital downgraded Porch Group from Buy to Hold and set a new price target of $2.00 from $4.00 previously
Exceeds Expectations and Increases Guidance Driven by Insurance Services Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today reported first quarter results through March 31, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders1 first quarter 2025 revenue of $84.5 million. Net income attributable to Porch was $8.4 million, and Adjusted EBITDA was $16.9 million, an increase of $33.6 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 Porch. Simultane
Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced it will report financial results for the first quarter ended March 31, 2025, after markets close on Tuesday, May 6, 2025. Q1'25 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, May 6, 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 by registering for the webinar here. A webi
Exceeds expectations delivering Q4'24 Net Income of $30m and Adjusted EBITDA of $42m Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today reported fourth quarter results through December 31, 2024, with total revenue of $100.4 million. GAAP net income was $30.5 million, an improvement of $33.0 million compared to the prior year, and Adjusted EBITDA was $41.8 million, an improvement of $30.1 million compared to the prior year. CEO Summary "We had a strong finish to the year, and delivered our full year positive Adjusted EBITDA target. We delivered record quarterly Adjusted EBITDA in Q4 2024, which we believe marks
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: May 8, 2025: Needham Technology, Media & Consumer Conference (Virtual) May 14, 2025: Oppenheimer Non-Deal Roadshow (Toronto) May 15, 2025: Craig-Hallum Non-Deal Roadshow (Virtual) May 16, 2025: Benchmark Fireside Chat (Virtual) May 20, 2025: KBW Real Estate Finance & Technology Conference (Virtual) May 21, 2025: B Riley Securities Annual Investor Conference (Los Angeles) May 28, 2025: Craig-Hallum Institutional Inves
Exceeds Expectations and Increases Guidance Driven by Insurance Services Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today reported first quarter results through March 31, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders1 first quarter 2025 revenue of $84.5 million. Net income attributable to Porch was $8.4 million, and Adjusted EBITDA was $16.9 million, an increase of $33.6 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 Porch. Simultane
Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced it will report financial results for the first quarter ended March 31, 2025, after markets close on Tuesday, May 6, 2025. Q1'25 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, May 6, 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 by registering for the webinar here. A webi
4/A - Porch Group, Inc. (0001784535) (Issuer)
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SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
SEATTLE, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced the appointment of Shawn Tabak as Chief Financial Officer (CFO), effective November 9, 2022. Marty Heimbigner, Porch Group's current Chief Financial Officer, will remain with the Company for a transitional period in a supporting role. "I couldn't be more thrilled to welcome Shawn to Porch Group. With his strategic background, specifically within the technology industry, we are confident that he is well suited to help drive our company forward and create additional value for o
SEATTLE, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a leading vertical software company reinventing the home services and insurance industries, today announced that Amanda Reierson and Camilla Velasquez have been appointed to its Board of Directors ("Board"), effective immediately. With the appointment of these two accomplished women, Porch Group's Board will comprise eight directors, fifty percent of whom are members of diverse communities. "We are very pleased to have Amanda and Camilla join our Board," said Matt Ehrlichman, CEO, Chairman and Founder of Porch Group. "The addition of these directors complements our board of directo
SEATTLE, May 31, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a leading vertical software company reinventing the home services and insurance industries, is pleased to announce the appointment of three key members to its management team. These additions to the Porch Group leadership team provide strategic guidance to the Company's ongoing corporate development and drive innovative value across several of the organizations departments. Janet Zimmermann has been appointed as Vice President of People to lead Porch's human resource functions and the scaling of its People organization. In this role, Zimmermann will leverage her expertise to continu
10-Q - Porch Group, Inc. (0001784535) (Filer)
8-K - Porch Group, Inc. (0001784535) (Filer)
DEFA14A - Porch Group, Inc. (0001784535) (Filer)