Porch Group Q1 2024 Adj EPS $(0.21) Beats $(0.34) Estimate, Sales $115.443M Beat $104.684M Estimate

5/8/24 5:36:03 PM ET

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Porch Group (NASDAQ:PRCH) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.34) by 38.24 percent. This is a 46.15 percent increase over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $115.443 million which beat the analyst consensus estimate of $104.684 million by 10.28 percent. This is a 32.13 percent increase over sales of $87.369 million the same period last year.

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Recent Analyst Ratings for
$PRCH

Date	Price Target	Rating	Analyst
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.
3/2/2022	$16.00 → $22.00	Buy	Loop Capital

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$PRCH
Leadership Updates

Live Leadership Updates

Porch Group Appoints Shawn Tabak as new Chief Financial Officer
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
11/2/22 4:15:00 PM ET
$PRCH
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Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors
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
10/4/22 4:15:00 PM ET
$PRCH
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Porch Group Adds to its Leadership Team with Noteworthy Hires
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
5/31/22 4:05:00 PM ET
$MDU
$PRCH
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
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$PRCH
Press Releases

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Porch Group to Host Investor Day on December 5, 2024
Porch Group, Inc. ("Porch") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced it will host an Investor Day on Thursday, December 5, 2024 starting at 9am Eastern in New York City and virtual. At the Investor Day, Management will provide insight into Porch's forward looking financial targets, economic model post-reciprocal launch, and details on a variety of businesses. Attendance and Webcast Information In-person attendance is by invitation only and advance registration is required. All are invited to listen to the live webcast or replay of the Investor Day which will be accessible on the Porch website events page. For additional information, ple
11/21/24 8:30:00 AM ET
$PRCH
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Porch Group Announces Strategic Home Factors Partnership
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced Porch Group Media ("PGM"), the data and marketing subsidiary of Porch, has signed an agreement to license non-exclusively its unique Home Factors insights to California-based insurance MGA, Bamboo Ide8 Insurance Services, LLC. ("Bamboo"). This agreement follows the recent announcement of Home Factors' official third-party launch in the market. Porch Group Media has Home Factors for approximately 90% of US homes, providing unique and valuable insights not previously available. For example, identifying that an electric panel needs repair indicates 41% higher cla
11/19/24 8:00:00 AM ET
$PRCH
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Porch Group Announces Attendance At Upcoming Investor Events
Porch Group, Inc. ("Porch") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: November 13, 2024: KBW Fintech Conference (New York) November 19, 2024: Stephens Annual Investment Conference* (Nashville) November 19, 2024: Craig-Hallum Alpha Select Conference (New York) December 11, 2024: Benchmark Annual Discovery One-on-One Investor Conference (New York) These investor events and future events can be found on our website here. * Indicates webcast available on the events page. Abo
11/11/24 11:00:00 AM ET
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$PRCH
Financials

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Porch Group Reports Third Quarter 2024 Results
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
11/7/24 4:01:00 PM ET
$PRCH
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Porch Group to Release Third Quarter 2024 Earnings on November 7, 2024
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
10/28/24 8:30:00 AM ET
$PRCH
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Porch Group Reports Second Quarter 2024 Results
Solid performance in the second quarter Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today reported second quarter results through June 30, 2024, with total revenue of $110.8 million, which increased 12% compared to the prior year. GAAP net loss was $64.3 million, an improvement of $22.6 million compared to the prior year, and Adjusted EBITDA Loss was $34.8 million, an improvement of $8.4 million compared to the prior year. CEO Summary "The team delivered a solid performance this quarter. Despite a May hurricane-like event in Houston with 100 miles per hour sustained winds that caused catastrophic weather clai
8/6/24 4:02:00 PM ET
$PRCH
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Porch Group Q1 2024 Adj EPS $(0.21) Beats $(0.34) Estimate, Sales $115.443M Beat $104.684M Estimate

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Recent Analyst Ratings for $PRCH

$PRCH Leadership Updates

Live Leadership Updates

Porch Group Appoints Shawn Tabak as new Chief Financial Officer

Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors

Porch Group Adds to its Leadership Team with Noteworthy Hires

$PRCH Press Releases

Fastest customizable press release news feed in the world

Porch Group to Host Investor Day on December 5, 2024

Porch Group Announces Strategic Home Factors Partnership

Porch Group Announces Attendance At Upcoming Investor Events

$PRCH Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Porch Group Inc.

SEC Form SC 13G/A filed by Porch Group Inc. (Amendment)

SEC Form SC 13G/A filed by Porch Group Inc. (Amendment)

$PRCH Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

CHIEF FINANCIAL OFFICER Tabak Shawn sold $30,032 worth of shares (15,000 units at $2.00), decreasing direct ownership by 5% to 278,298 units (SEC Form 4)

CEO, CHAIRMAN AND FOUNDER Ehrlichman Matt covered exercise/tax liability with 29,091 shares, decreasing direct ownership by 0.21% to 13,535,576 units (SEC Form 4)

CHIEF FINANCIAL OFFICER Tabak Shawn covered exercise/tax liability with 1,844 shares, decreasing direct ownership by 0.62% to 293,298 units (SEC Form 4)

$PRCH SEC Filings

SEC Form 10-Q filed by Porch Group Inc.

Porch Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Porch Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

$PRCH Analyst Ratings

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Porch Group downgraded by Loop Capital with a new price target

Porch Group downgraded by JP Morgan

Cantor Fitzgerald resumed coverage on Porch Group with a new price target

$PRCH Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Velasquez Camilla bought $4,999 worth of shares (1,976 units at $2.53), increasing direct ownership by 5% to 45,225 units (SEC Form 4) (Amendment)

Velasquez Camilla bought $4,982 worth of shares (1,969 units at $2.53), increasing direct ownership by 5% to 45,218 units (SEC Form 4)

Lam Rachel bought $10,132 worth of shares (10,000 units at $1.01), increasing direct ownership by 8% to 133,775 units (SEC Form 4)

$PRCH Market Insights

Live Market Insights

Shares of companies within the broader technology sector are trading lower amid a selloff in chips and AI-related stocks.

Keefe, Bruyette & Woods Maintains Market Perform on Porch Group, Maintains $3.75 Price Target

12 Information Technology Stocks Moving In Thursday's After-Market Session

$PRCH Financials

Live finance-specific insights

Porch Group Reports Third Quarter 2024 Results

Porch Group to Release Third Quarter 2024 Earnings on November 7, 2024

Porch Group Reports Second Quarter 2024 Results

Recent Analyst Ratings for
$PRCH

$PRCH
Leadership Updates

$PRCH
Press Releases

$PRCH
Large Ownership Changes

$PRCH
Insider Trading

$PRCH
SEC Filings

$PRCH
Analyst Ratings

$PRCH
Insider Purchases

$PRCH
Market Insights

$PRCH
Financials