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 |
|---|---|---|---|
| 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 |
| 3/10/2022 | $26.00 → $23.00 | Overweight | Stephens & Co. |
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
SC 13G/A - Porch Group, Inc. (0001784535) (Subject)
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
JP Morgan downgraded Porch Group from Overweight to Neutral
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
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the fourth quarter ended December 31, 2024, after markets close on Tuesday, February 25, 2025. Q4'24 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, February 25, 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 registerin
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced the completed formation of the Porch Insurance Reciprocal Exchange ("PIRE") and sale of Homeowners of America Insurance Company ("HOA") to PIRE. The final terms of the transaction were consistent with expectations, with Porch selling HOA to PIRE for a purchase price equal to HOA's December 31, 2024 expected surplus1 of approximately $105 million, less the existing 2023 surplus note of $49 million and less $9 million of outstanding interest expected to be paid in 2025. This brings the total surplus notes2 held by Porch to approximately $106 million. With this t
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced the launch of MovingPlace, a new marketplace helping consumers to manage their entire move. MovingPlace (at www.movingplace.com) builds on Porch Group's vision of helping make the home simple, from moving, maintenance, and protection. MovingPlace simplifies the moving process by helping consumers research, compare, and book the moving company that's best suited to their unique needs, all in a simple digital experience. This solution saves customers hours they've previously been spending calling multiple companies to compare quotes. In 2025, MovingPlace will ex
SCHEDULE 13G - Porch Group, Inc. (0001784535) (Subject)
SCHEDULE 13G/A - Porch Group, Inc. (0001784535) (Subject)
8-K - 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 Group," "Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the fourth quarter ended December 31, 2024, after markets close on Tuesday, February 25, 2025. Q4'24 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, February 25, 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 registerin
Application for Reciprocal Exchange Approved Strong Operational Performance Delivers Record Profitability Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today reported third quarter results through September 30, 2024, with total revenue of $111.2 million. GAAP net income was $14.4 million, an improvement of $20.1 million compared to the prior year, and Adjusted EBITDA was $16.9 million, an improvement of $8.1 million compared to the prior year. CEO Summary "We are excited by today's update: the important approval of the Reciprocal Exchange formation, record profitability, and de-leveraging. The Reciprocal approval
Investor Day Will Be Scheduled In Early December, 2024 Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the third quarter ended September 30, 2024, after markets close on Thursday, November 7, 2024 and plans to host an Investor Day in early December. Q3'24 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Thursday, November 7, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). A presentation to accompany the discussion will be posted on the company website, along with