Barclays PLC Has $207,000 Position in Porch Group, Inc. (NASDAQ:PRCH)

Barclays PLC boosted its stake in shares of Porch Group, Inc. (NASDAQ:PRCH) by 415.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 134,919 shares of the company’s stock after buying an additional 108,748 shares during the quarter. Barclays PLC’s holdings in Porch Group were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Porch Group by 186.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,774,909 shares of the company’s stock valued at $5,794,000 after purchasing an additional 2,457,915 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Porch Group by 53.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,184,500 shares of the company’s stock valued at $3,299,000 after purchasing an additional 763,800 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Porch Group by 223.4% in the 3rd quarter. GSA Capital Partners LLP now owns 1,532,616 shares of the company’s stock valued at $2,353,000 after purchasing an additional 1,058,653 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of Porch Group by 128.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 400,000 shares of the company’s stock valued at $614,000 after purchasing an additional 225,000 shares during the period. Finally, State Street Corp lifted its stake in shares of Porch Group by 7.4% in the 3rd quarter. State Street Corp now owns 1,667,493 shares of the company’s stock valued at $2,560,000 after purchasing an additional 115,176 shares during the period. 48.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Porch Group

In related news, CFO Shawn Tabak sold 21,774 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $6.00, for a total transaction of $130,644.00. Following the transaction, the chief financial officer now owns 287,839 shares in the company, valued at $1,727,034. The trade was a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.46% of the company’s stock.

Porch Group Stock Down 1.5 %

Shares of PRCH stock opened at $5.24 on Tuesday. The business has a 50-day moving average price of $4.13 and a two-hundred day moving average price of $2.45. Porch Group, Inc. has a 12-month low of $1.05 and a 12-month high of $6.03. The firm has a market cap of $626.41 million, a P/E ratio of -7.49 and a beta of 2.05.

Analyst Ratings Changes

A number of research analysts recently weighed in on PRCH shares. Stephens upped their price target on Porch Group from $4.00 to $5.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Craig Hallum upped their price target on Porch Group from $4.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Oppenheimer upped their price target on Porch Group from $4.00 to $7.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Benchmark reissued a “buy” rating and set a $7.00 price objective on shares of Porch Group in a report on Tuesday, October 29th. Finally, Loop Capital reissued a “hold” rating and set a $6.00 price objective on shares of Porch Group in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.34.

Porch Group Profile

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.