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

Computer Software: Prepackaged Software

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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

More analyst ratings

Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a homeowners insurance and vertical software platform, today announced the Texas Department of Insurance ("TDI") has approved its application to form and license Porch Insurance Reciprocal Exchange, a new homeowners insurance reciprocal exchange ("the Reciprocal" or "PIRE"). Forming PIRE is a key step in Porch's strategy to increase profitability and stabilize earnings in its go-forward Insurance reporting segment by reducing direct exposure to claims and weather risks. A reciprocal insurer is owned by its policyholders, much like how Farmers Insurance and Erie Insurance operate. Porch will be the operator (also known as the attor
10/28/24 8:30:00 AM ET
$PRCH
Computer Software: Prepackaged Software
Technology
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
Computer Software: Prepackaged Software
Technology
Moderne Ventures Closes over $230M for MV Fund III, Scaling its Modern Approach to Venture Investing
The Moderne team has a 16-year track record generating top tier returns with its novel approach to venture investing: bringing customers to companies Moderne Ventures, a generalist venture capital and growth equity firm with vertical specialties spanning multi trillion-dollar industries of real estate, finance, insurance and sustainability today announced it has raised over $230 million for MV Core Fund III, exceeding the oversubscribed $200M MV Core Fund II and bringing the firm's total assets under management to more than $500M. Notable institutional investors include GCM Grosvenor and the Illinois Growth and Innovation Fund, and some of the world's largest strategic partners like Avalon
9/16/24 8:00:00 AM ET
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$PRCH
Computer Software: Prepackaged Software
Technology

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
Computer Software: Prepackaged Software
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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
Computer Software: Prepackaged Software
Technology
Porch Group to Release Second Quarter 2024 Earnings on August 6, 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 second quarter ended June 30, 2024, after markets close on Tuesday, August 6, 2024. Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, August 6, 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 a press release and other supplemental financial information. All are invited to listen to the event by registering for the webin
7/25/24 8:30:00 AM ET
$PRCH
Computer Software: Prepackaged Software
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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
Computer Software: Prepackaged Software
Technology
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
$PRCH
Computer Software: Prepackaged Software
Technology
Porch Group Adds to its Leadership Team with Noteworthy Hires
SEATTLE, May 31, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a leading vertical software company reinventing the home services and insurance industries, is pleased to announce the appointment of three key members to its management team. These additions to the Porch Group leadership team provide strategic guidance to the Company's ongoing corporate development and drive innovative value across several of the organizations departments. Janet Zimmermann has been appointed as Vice President of People to lead Porch's human resource functions and the scaling of its People organization. In this role, Zimmermann will leverage her expertise to continu
5/31/22 4:05:00 PM ET
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$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 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 Press Releases

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Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone

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

Moderne Ventures Closes over $230M for MV Fund III, Scaling its Modern Approach to Venture Investing

$PRCH Large Ownership Changes

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

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

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

$PRCH SEC Filings

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

SEC Form EFFECT filed by Porch Group Inc.

SEC Form S-3 filed by Porch Group Inc.

$PRCH Insider Trading

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$PRCH Financials

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$PRCH Leadership Updates

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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)

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

Porch Group Reports Second Quarter 2024 Results

Porch Group to Release Second Quarter 2024 Earnings on August 6, 2024

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 Market Insights

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

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