PRCH - Porch Group, Inc. Stock Price, Fair Value and News

3.20USD-0.05 (-1.54%)Market Closed

Market Summary

USD3.20-0.05

Market Closed

-1.54%

PRCH Stock Price

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PRCH RSI Chart

PRCH Valuation

Market Cap

317.2M

Price/Earnings (Trailing)

-2.37

Price/Sales (Trailing)

0.74

EV/EBITDA

-6.41

Price/Free Cashflow

9.59

PRCH Price/Sales (Trailing)

PRCH Profitability

Operating Margin

48.82%

EBT Margin

-30.98%

Return on Equity

375.34%

Return on Assets

-14.89%

Free Cashflow Yield

10.43%

PRCH Fundamentals

PRCH Revenue

Revenue (TTM)

430.3M

Rev. Growth (Yr)

78.77%

Rev. Growth (Qtr)

-11.53%

PRCH Earnings

Earnings (TTM)

-133.9M

Earnings Growth (Yr)

92.99%

Earnings Growth (Qtr)

56.72%

Breaking Down PRCH Revenue

52 Week Range

0.713.29

(Low)(High)

Last 7 days

1.9%

Last 30 days

-25.1%

Last 90 days

45.7%

Trailing 12 Months

266.8%

How does PRCH drawdown profile look like?

PRCH Financial Health

Current Ratio

1.04

Debt/Equity

-12.2

Debt/Cashflow

0.08

PRCH Investor Care

Buy Backs (1Y)

1.67%

Diluted EPS (TTM)

-1.4

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	299.8M	327.6M	379.8M	430.3M
2022	229.3M	248.8M	263.4M	275.9M
2021	84.0M	118.2M	159.4M	192.4M
2020	76.3M	74.9M	73.6M	72.3M
2019	0	0	0	77.6M

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GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Porch Group, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 05, 2024	neagle matthew	acquired	-	-	231,410	chief operating officer
Apr 05, 2024	neagle matthew	sold (taxes)	-83,254	4.34	-19,183	chief operating officer
Apr 05, 2024	ehrlichman matt	sold (taxes)	-197,479	4.34	-45,502	ceo, chairman and founder
Apr 05, 2024	tabak shawn	acquired	-	-	63,252	chief financial officer
Apr 05, 2024	ehrlichman matt	acquired	-	-	520,672	ceo, chairman and founder
Apr 05, 2024	tabak shawn	sold (taxes)	-18,379	4.34	-4,235	chief financial officer
Apr 01, 2024	ehrlichman matt	sold (taxes)	-102,244	4.15	-24,637	ceo, chairman and founder
Apr 01, 2024	neagle matthew	sold (taxes)	-49,621	4.15	-11,957	chief operating officer
Mar 26, 2024	tabak shawn	sold	-76,955	4.0418	-19,040	chief financial officer
Mar 21, 2024	tabak shawn	sold	-102,743	4.0012	-25,678	chief financial officer

Which funds bought or sold PRCH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Parallel Advisors, LLC	unchanged	-	4,750	16,645	-%
May 06, 2024	Quantbot Technologies LP	reduced	-49.96	-70,398	164,474	0.01%
May 06, 2024	Integrated Advisors Network LLC	unchanged	-	19,575	68,594	-%
May 06, 2024	Jefferies Financial Group Inc.	added	3.38	2,168,400	2,899,220	0.02%
May 06, 2024	SG Americas Securities, LLC	reduced	-14.59	10,000	63,000	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-18.04	320,000	2,498,000	0.20%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	sold off	-100	-31,548	-	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	Werba Rubin Papier Wealth Management	unchanged	-	179,150	627,752	0.18%
Apr 29, 2024	CAPITAL ADVISORS INC/OK	unchanged	-	92,797	325,168	0.01%

Are Funds Buying or Selling PRCH?

Are funds buying PRCH calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PRCH

No. of Funds

Unveiling Porch Group, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	portolan capital management, llc	3.24%	3,200,183	SC 13G/A
Feb 14, 2024	granahan investment management, llc	12.03%	11,890,749	SC 13G/A
Nov 09, 2023	villere st denis j & co llc	2.44%	2,416,553	SC 13D/A
Sep 29, 2023	ehrlichman matt	22.1%	22,368,311	SC 13D/A
Sep 11, 2023	ehrlichman matt	21.0%	21,327,833	SC 13D/A
Aug 28, 2023	park west asset management llc	4.5%	4,389,049	SC 13G/A
Aug 28, 2023	park west asset management llc	5.8%	5,692,930	SC 13G/A
Jul 07, 2023	blackrock inc.	1.4%	1,358,617	SC 13G/A
Apr 18, 2023	ehrlichman matt	19.8%	19,784,351	SC 13D/A
Feb 17, 2023	park west asset management llc	11.0%	11,099,833	SC 13G/A

Recent SEC filings of Porch Group, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 24, 2024	ARS	ARS
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	DEFA14A	DEFA14A
Apr 09, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 09, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Mar 28, 2024	4	Insider Trading

Peers (Alternatives to Porch Group, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	268.8B	34.9B	-8.21%	40.03%	64.99	7.71	11.18%	1888.46%
UBER	146.2B	37.3B	-8.76%	81.30%	77.47	3.92	16.95%	120.64%
ADSK	45.9B	5.3B	-12.38%	11.70%	50.03	8.58	9.15%	48.14%
ANSS	28.4B	2.2B	-4.94%	10.42%	65.29	12.74	3.59%	-21.47%
ZM	18.7B	4.5B	-1.27%	-1.26%	29.32	4.13	3.06%	514.65%
MID-CAP
APPF	9.0B	671.8M	7.08%	80.52%	117.26	13.35	33.64%	185.98%
LYFT	6.4B	4.4B	-7.01%	94.26%	-18.78	1.45	7.53%	78.52%
ALRM	3.5B	881.7M	0.94%	51.68%	43.39	3.95	4.64%	44.42%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	3.0B	296.4M	-1.51%	28.86%	-10.99	10.07	11.14%	-3.59%
AGYS	2.2B	228.1M	-1.05%	5.96%	25.28	9.68	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	222.2M	31.6M	107.65%	183.16%	-37.84	7.03	2.76%	43.72%
APPS	220.4M	572.4M	-0.46%	-81.88%	-1.11	0.39	-19.38%	-489.49%
ASUR	188.2M	117.7M	-2.80%	-45.81%	-19.08	1.6	12.54%	11.24%

Porch Group, Inc. News

Latest updates

Porch Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3
Revenue	-11.5%	114,612,000	129,556,000	98,765,000	87,369,000	64,113,000	77,353,000	70,915,000	63,567,000	51,581,500	62,769,000	51,340,000	26,742,000	18,596,000	21,507,000	17,122,000	15,074,000	-	-
Cost Of Revenue	-34.5%	34,677,000	52,961,000	81,330,000	51,275,000	20,170,000	32,940,000	29,251,000	25,216,000	14,137,500	19,158,000	19,500,000	5,930,000	4,310,000	5,361,000	3,792,000	4,099,000	-	-
Costs and Expenses	-17.1%	107,232,000	129,357,000	258,170,000	125,897,000	97,908,000	160,271,000	102,593,000	92,223,000	69,856,500	75,383,000	74,283,000	56,373,000	38,614,000	25,355,000	22,101,000	28,460,000	-	-
S&GA Expenses	-7.9%	36,950,000	40,135,000	34,637,000	32,585,000	28,031,000	30,580,000	29,160,000	26,077,000	23,638,000	22,874,000	23,122,000	14,638,000	11,222,000	8,803,000	8,787,000	12,853,000	69,571	8,000
EBITDA Margin	42.4%	-0.18	-0.31	-0.62	-0.50	-0.43	-0.40	-0.13	-0.15	-0.49	-0.61	-0.84	-0.97	-	-	-	-	-	-
Interest Expenses	3.2%	10,598,000	10,267,000	8,775,000	2,188,000	2,219,000	2,152,000	1,925,000	2,427,000	1,461,000	1,857,000	1,216,000	1,223,000	4,405,000	3,952,000	3,291,000	3,086,000	-	-
Income Taxes	406.9%	588,000	116,000	29,000	-111,000	574,000	-22,000	468,000	-200,000	-398,000	-1,800,000	-7,700,000	-350,000	-1,722,000	9,000	3,000	21,000	-	-
Earnings Before Taxes	66.3%	-1,898,000	-5,628,000	-86,934,000	-38,851,000	-34,899,000	-84,498,000	-26,857,000	-9,462,000	-20,465,500	-6,935,000	-24,027,000	-65,451,000	-22,206,000	-8,914,000	-6,255,000	-18,346,000	72,633	-8,000
EBT Margin	29.2%	-0.31	-0.44	-0.75	-0.62	-0.56	-0.54	-0.26	-0.27	-0.61	-0.74	-1.02	-1.22	-	-	-	-	-	-
Net Income	56.7%	-2,486,000	-5,744,000	-86,963,000	-38,740,000	-35,473,000	-84,476,000	-27,325,000	-9,285,000	-20,109,000	-5,099,000	-16,297,000	-65,101,000	-20,484,000	-8,923,000	-6,258,000	-18,367,000	40,110	-8,000
Net Income Margin	29.2%	-0.31	-0.44	-0.75	-0.62	-0.57	-0.54	-0.25	-0.22	-0.55	-0.67	-0.94	-1.20	-	-	-	-	-	-
Free Cashflow	-149.1%	-41,044,000	83,571,000	12,938,000	-22,387,000	-7,748,000	-6,643,000	10,873,000	-16,568,000	6,556,000	-10,994,000	-8,342,000	-22,969,000	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	-7.0%	899	967	1,047	1,017	1,049	1,089	1,136	1,054	1,039	1,050	778	334	268	174	175	175	48.00
Current Assets	-14.4%	481	562	658	576	611	639	617	595	605	713	500	251	216	1.00	1.00	1.00	10.00
Cash Equivalents	-24.7%	258	343	266	179	215	277	282	303	325	416	152	233	207	8.00	7.00	3.00	7.00
Net PPE	7.7%	17.00	16.00	15.00	14.00	12.00	11.00	10.00	8.00	7.00	8.00	8.00	5.00	5.00	-	-	-	7.00
Goodwill	0%	192	192	192	247	245	252	298	250	226	170	121	45.00	28.00	-	-	-	18.00
Liabilities	-6.9%	935	1,005	1,084	971	970	977	941	843	822	858	549	172	161	9.00	6.00	6.00	108
Current Liabilities	-11.4%	462	522	604	517	516	523	489	402	363	377	417	36.00	32.00	3.00	0.00	0.00	57.00
Long Term Debt	1.0%	435	431	427	425	425	425	417	415	415	418	44.00	43.00	43.00	-	-	-	12.00
LT Debt, Current	-85.2%	0.00	2.00	5.00	10.00	16.00	23.00	19.00	20.00	0.00	0.00	0.00	7.00	5.00	-	-	-	20.00
LT Debt, Non Current	1.0%	435	431	427	425	425	425	417	415	415	418	44.00	43.00	43.00	-	-	-	41.00
Shareholder's Equity	-Infinity%	-35.68	-	-	45.00	79.00	113	195	211	217	192	229	162	107	5.00	5.00	5.00	5.00
Retained Earnings	-0.3%	-722	-719	-713	-626	-585	-545	-460	-433	-424	-404	-398	-382	-317	-2.74	-	-	-263
Additional Paid-In Capital	0.0%	690	690	683	677	671	664	660	648	641	596	627	545	425	8.00	5.00	4.00	203
Shares Outstanding	-1.4%	97.00	98.00	98.00	97.00	98.00	98.00	97.00	96.00	94.00	93.00	91.00	85.00	-	-	-	-	-
Float	-	-	-	109	-	-	-	208	-	-	-	1,550	-	-	-	175	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-149.0%	-40,969	83,675	13,254	-22,031	-7,384	-6,196	11,245	-15,401	6,940	-10,945	-7,837	-22,935	-31,654	-7,273	-104	-9,638	-
Share Based Compensation	-93.8%	432	6,979	6,404	6,894	6,396	5,089	9,702	5,854	9,231	5,884	6,642	16,835	6,500	507	362	672	-
Cashflow From Investing	16.0%	-22,050	-26,253	-2,803	-5,147	-33,234	-8,040	-30,327	-8,077	-78,776	-53,359	-107,584	-23,714	-6,819	-2,219	-659	-974	-
Cashflow From Financing	-162.2%	-1,463	-558	100,246	-7,274	-7,771	9,153	-1,876	1,721	-19,203	327,712	34,461	72,579	237,789	10,762	4,809	6,254	174,171
Buy Backs	-	-	-	2,508	3,100	4,400	-	-	-	-	-	-	-	-	480	-	-	-

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PRCH Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 430,302	$ 275,948	$ 192,433
Operating expenses:
Cost of revenue	220,243	107,577	58,725
Selling and marketing	144,307	113,848	84,273
Product and technology	58,502	59,565	47,005
General and administrative	103,192	109,814	84,740
Provision for doubtful accounts	37,180	805	1,055
Impairment loss on intangible assets and goodwill	57,232	61,386	0
Total operating expenses	620,656	452,995	275,798
Operating loss	(190,354)	(177,047)	(83,365)
Other income (expense):
Interest expense	(31,828)	(8,723)	(5,757)
Change in fair value of earnout liability	44	13,822	(18,519)
Change in fair value of private warrant liability	(444)	14,486	(15,389)
Change in fair value of derivatives	(4,261)	0	0
Gain on extinguishment of debt	81,354	0	5,110
Investment income and realized gains, net of investment expenses	8,285	1,174	701
Other income, net	3,893	571	340
Total other income (expense)	57,043	21,330	(33,514)
Loss before income taxes	(133,311)	(155,717)	(116,879)
Income tax benefit (provision)	(622)	(842)	10,273
Net loss	(133,933)	(156,559)	(106,606)
Other comprehensive income (loss):
Change in net unrealized loss, net of tax	2,311	(5,912)	(259)
Comprehensive loss	$ (131,622)	$ (162,471)	$ (106,865)
Net loss per share - basic (in dollars per share)	$ (1.39)	$ (1.61)	$ (1.14)
Net loss per share - diluted (in dollars per share)	$ (1.39)	$ (1.61)	$ (1.14)
Weighted-average shares used in computing net loss attributable per share to common stockholders:
Shares used in computing basic net loss per share (in shares)	96,057,000	97,351,000	93,885,000
Shares used in computing diluted net loss per share (in shares)	96,057,000	97,351,000	93,885,000

PRCH Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 258,418	$ 215,060
Accounts receivable, net	24,288	26,438
Short-term investments	35,588	36,523
Reinsurance balance due	83,582	299,060
Prepaid expenses and other current assets	13,214	11,293
Deferred policy acquisition costs	27,174	8,716
Restricted cash and cash equivalents	38,814	13,545
Total current assets	481,078	610,635
Property, equipment, and software, net	16,861	12,240
Goodwill	191,907	244,697
Long-term investments	103,588	55,118
Intangible assets, net	87,216	108,255
Long-term insurance commissions receivable	13,429	12,265
Other assets	5,314	5,847
Total assets	899,393	1,049,057
Current liabilities
Accounts payable	8,761	6,268
Accrued expenses and other current liabilities	59,396	39,742
Deferred revenue	248,683	270,690
Refundable customer deposits	17,980	20,142
Current debt	244	16,455
Losses and loss adjustment expense reserves	95,503	100,632
Other insurance liabilities, current	31,585	61,710
Total current liabilities	462,152	515,639
Long-term debt	435,495	425,310
Other liabilities	37,429	28,755
Total liabilities	935,076	969,704
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit)
Common stock, $0.0001 par value per share:	10	10
Additional paid-in capital	690,223	670,537
Accumulated other comprehensive loss	(3,860)	(6,171)
Accumulated deficit	(722,056)	(585,023)
Total stockholders’ equity (deficit)	(35,683)	79,353
Total liabilities and stockholders’ equity (deficit)	$ 899,393	$ 1,049,057

About Porch Group, Inc.

Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, mortgage companies and loan officers, and title companies; consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Porch, Floify, HireAHelper, Home Inspector Pro and Palm-Tech, Inspection Support Network, iRoofing, Porch Group Media, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property-related insurance policies through its own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, Porticus Reinsurance Ltd., and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

CEO	Mr. Matthew Ehrlichman
WEBSITE	https://porchgroup.com
INDUSTRY	Software - Apps
EMPLOYEES	1800

Porch Group, Inc. Frequently Asked Questions

What is the ticker symbol for Porch Group, Inc.? What does PRCH stand for in stocks?

PRCH is the stock ticker symbol of Porch Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Porch Group, Inc. (PRCH)?

As of Tue May 07 2024, market cap of Porch Group, Inc. is 317.19 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRCH stock?

You can check PRCH's fair value in chart for subscribers.

What is the fair value of PRCH stock?

You can check PRCH's fair value in chart for subscribers. The fair value of Porch Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Porch Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRCH so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Porch Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether PRCH is over valued or under valued. Whether Porch Group, Inc. is cheap or expensive depends on the assumptions which impact Porch Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRCH.

What is Porch Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, PRCH's PE ratio (Price to Earnings) is -2.37 and Price to Sales (PS) ratio is 0.74. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRCH PE ratio will change depending on the future growth rate expectations of investors.