AJOVista LLC Purchases New Position in Porch Group, Inc. (NASDAQ:PRCH)

AJOVista LLC bought a new stake in shares of Porch Group, Inc. (NASDAQ:PRCH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,951 shares of the company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRCH. Fidelity National Financial Inc. acquired a new stake in Porch Group in the 3rd quarter valued at approximately $3,772,000. Viewpoint Capital Management LLC increased its stake in Porch Group by 15.7% in the third quarter. Viewpoint Capital Management LLC now owns 147,000 shares of the company’s stock valued at $118,000 after acquiring an additional 20,000 shares during the period. SG Americas Securities LLC bought a new position in Porch Group during the fourth quarter worth about $53,000. Bank of New York Mellon Corp grew its holdings in shares of Porch Group by 83.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 169,536 shares of the company’s stock worth $136,000 after purchasing an additional 77,094 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Porch Group by 28.1% in the 3rd quarter. Acadian Asset Management LLC now owns 68,870 shares of the company’s stock valued at $54,000 after purchasing an additional 15,101 shares during the last quarter. Institutional investors and hedge funds own 48.48% of the company’s stock.

Insider Buying and Selling

In other news, CFO Shawn Tabak sold 25,678 shares of Porch Group stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $4.00, for a total value of $102,712.00. Following the completion of the transaction, the chief financial officer now owns 311,351 shares of the company’s stock, valued at approximately $1,245,404. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $6.00 price objective on shares of Porch Group in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on Porch Group from $3.50 to $3.75 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Finally, Cantor Fitzgerald upped their target price on shares of Porch Group from $3.00 to $5.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd.

Porch Group Trading Up 3.6 %

Shares of NASDAQ:PRCH traded up $0.12 during trading on Friday, hitting $3.44. 535,796 shares of the company’s stock traded hands, compared to its average volume of 873,472. Porch Group, Inc. has a 52 week low of $0.50 and a 52 week high of $4.78. The company has a 50-day moving average price of $3.64 and a 200-day moving average price of $2.59.

Porch Group (NASDAQ:PRCH) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Porch Group had a negative net margin of 31.12% and a negative return on equity of 1,182.09%. The company had revenue of $114.61 million during the quarter, compared to the consensus estimate of $99.60 million. During the same period in the prior year, the business posted ($0.32) EPS. Sell-side analysts expect that Porch Group, Inc. will post -0.83 earnings per share for the current fiscal year.

About Porch Group

Porch Group, Inc, together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services.