The stock of Porch Group Inc (NASDAQ:PRCH) last traded at $5.16, down -8.02% from the previous session.
PRCH stock price is now 119.79% away from the 50-day moving average and 114.53% away from the 200-day moving average. The market capitalization of the company currently stands at $522.36M.
With the price target reduced from $4 to $2, Loop Capital Downgraded its rating from Buy to Hold for Porch Group Inc (NASDAQ: PRCH). , while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Tabak Shawn, CHIEF FINANCIAL OFFICER sold 15,000 shares of the company’s stock on Oct 28 ’24. The stock was sold for $30,032 at an average price of $2.00. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 278,298 shares in the company, valued at $1.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Officer Tabak Shawn bought 15,000 shares of the business’s stock. A total of $29,380 was incurred on buying the stock at an average price of $1.96. A total of 41.34% of the company’s stock is owned by insiders.
During the past 12 months, Porch Group Inc has had a low of $1.05 and a high of $5.70. The fifty day moving average price for PRCH is $2.2748 and a two-hundred day moving average price translates $2.394925 for the stock.
The latest earnings results from Porch Group Inc (NASDAQ: PRCH) was released for 2024-09-30. The net profit margin was -14.55% and return on equity was -15311.00% for PRCH. The company reported revenue of $111.2 million for the quarter, compared to $129.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.17 percent.
