Stock events for Porch Group, Inc. (PRCH)
In May 2025, Porch Group's shares surged by 68% following strong Q1 2025 results. In June 2025, the company negotiated a repurchase of $144 million in principal amount of senior notes due in 2026. In September 2025, Goldman Sachs initiated coverage of Porch Group with a "Buy" rating and a $20-$21 price target, and Benchmark also raised its price target to $21. Also in September 2025, there were reports of insider stock sales. In October 2025, Porch Group's share price soared 213% year to date. In November 2024, Porch Group reported third-quarter 2024 results, including the approval of its Reciprocal Exchange formation, and repurchased $43 million of its unsecured notes. In February 2025, Porch Group reported full-year 2024 revenue of $437.8 million and record quarterly adjusted EBITDA of $42 million in Q4 2024, and increased its 2025 adjusted EBITDA guidance to $60 million and reaffirmed its $100 million 2026 adjusted EBITDA target.
Demand Seasonality affecting Porch Group, Inc.’s stock price
The provided search results do not explicitly detail the demand seasonality for Porch Group, Inc.'s products and services. However, it is reasonable to infer that demand for some of its services might be influenced by seasonal trends in the housing market and home improvement activities. Home sales industry declines can impact its software and moving services businesses.
Overview of Porch Group, Inc.’s business
Porch Group, Inc. is a technology company that operates a vertical software and insurance platform within the home services industry in the United States. The company provides insurance services, software and data solutions, consumer services, and a home services marketplace.
PRCH’s Geographic footprint
Porch Group, Inc. primarily operates in the United States and is headquartered in Seattle, Washington. Its insurance subsidiary, Homeowners of America (HOA), operates in six states and is licensed in 31, with its base in Texas.
PRCH Corporate Image Assessment
Porch Group's brand reputation in the past year appears to be generally positive, particularly in the financial and analyst communities. Analysts have shown bullish attention, and the company's stock performance suggests positive investor sentiment. Key events that have likely positively impacted its reputation include the approval of the Reciprocal Exchange formation in November 2024 and strong financial results. The company's shift to a fee-based insurance model and strategic investments are seen as positive steps for future growth. No specific negative events impacting Porch Group, Inc.'s reputation in the past year were found in the provided search results.
Ownership
The provided search results do not offer specific details on the major institutional and individual owners of Porch Group, Inc.
Ask Our Expert AI Analyst
Price Chart
$15.35