Porch Group, Inc. operates a software platform in the United States and Canada. It provides software and services under the ISN, HireAHelper, and Kandela brands to home services companies, such as home inspectors, homebuyers and homeowners, insurance carriers, moving companies, security companies, and TV/internet providers, as well as offers moving concierge services. It also connects consumers with home services companies and offers a full range of products and services where homeowners compare and buy home insurance policies; arrange for various services in connection with their move, from labor to load or unload a truck to full-service, long-distance moving services; discover and install home automation and security systems; compare internet and television options for their home; book small handyman jobs at fixed, upfront prices; and compare bids from home improvement professionals who can complete bigger jobs. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was founded in 2011 and is based in Seattle, Washington.
IPO Year: 2020
Exchange: NASDAQ
Website: porchgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2025 | $6.00 | Hold → Buy | Loop Capital |
| 12/9/2024 | $6.00 | Hold | Loop Capital |
| 3/15/2023 | $4.00 → $2.00 | Buy → Hold | Loop Capital |
| 11/9/2022 | Overweight → Neutral | JP Morgan | |
| 8/10/2022 | $10.00 → $8.00 | Overweight | Cantor Fitzgerald |
| 7/25/2022 | $5.25 → $3.25 | Outperform → Mkt Perform | Keefe Bruyette |
| 5/25/2022 | $11.50 | Buy | Compass Point |
| 5/23/2022 | $8.00 | Overweight | JP Morgan |
| 3/10/2022 | $26.00 → $23.00 | Overweight | Stephens & Co. |
| 3/2/2022 | $16.00 → $22.00 | Buy | Loop Capital |
4/A - Porch Group, Inc. (0001784535) (Issuer)
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4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
4 - Porch Group, Inc. (0001784535) (Issuer)
Loop Capital upgraded Porch Group from Hold to Buy and set a new price target of $6.00
Loop Capital resumed coverage of Porch Group with a rating of Hold and set a new price target of $6.00
Loop Capital downgraded Porch Group from Buy to Hold and set a new price target of $2.00 from $4.00 previously
JP Morgan downgraded Porch Group from Overweight to Neutral
Cantor Fitzgerald resumed coverage of Porch Group with a rating of Overweight and set a new price target of $8.00 from $10.00 previously
Keefe Bruyette downgraded Porch Group from Outperform to Mkt Perform and set a new price target of $3.25 from $5.25 previously
Compass Point initiated coverage of Porch Group with a rating of Buy and set a new price target of $11.50
JP Morgan initiated coverage of Porch Group with a rating of Overweight and set a new price target of $8.00
Stephens & Co. reiterated coverage of Porch Group with a rating of Overweight and set a new price target of $23.00 from $26.00 previously
Loop Capital reiterated coverage of Porch Group with a rating of Buy and set a new price target of $22.00 from $16.00 previously
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, announced today a renewed partnership with Goosehead Insurance ("Goosehead") (NASDAQ:GSHD). Scaling Porch Reciprocal Exchange insurance premiums in a profitable manner is a key strategic priority for Porch. The renewed partnership with Goosehead represents a tangible step forward in the Company's efforts to re-activate agency partnerships and further extend its distribution channels. "After a couple of years of managing premiums to roughly flat, the launch of the Porch Reciprocal Exchange at the start of 2025 marks the time where we have moved back to offense. Now as a high margin, co
Columbus, Ohio, June 11, 2025 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, today announced a new partnership with Floify, a top mortgage automation platform, to embed home insurance into the digital loan experience for Floify's network of lenders and brokers. The integration marks a significant step forward in streamlining insurance within mortgage technology, allowing lenders and brokers to present insurance options inside the same systems they already use. Floify's digital platform is designed to simplify mortgage workflows through cutting-edge automation. With Matic, borrowers can now shop for and purchase home insurance directly within the loan process. Lenders an
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the appointment of John Campbell as VP of Investor Relations, effective June 9, 2025. John will report to Shawn Tabak, Chief Financial Officer, and will be responsible for leading Porch's engagement with investors and analysts, providing insights into Porch's financial performance and strategic direction. John brings 14 years of sell-side experience. Prior to joining Porch, John served as Managing Director at Stephens Inc where he led coverage of real estate-related stocks. "We are thrilled to welcome John to Porch," said Shawn Tabak, Chief Financial Officer. "His ex
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced significant continued expansion with its insurance agency distribution channel, including new partnerships with Roamly Insurance Group ("Roamly"), Evertree Insurance Services, LLC ("Evertree") and MassDrive Insurance Group, LLC ("MassDrive"). One of Porch's strategic priorities is to scale insurance premiums, having restarted this growth engine at the end of 2024. To further distribution, Porch is expanding the Porch Reciprocal Exchange's ("the Reciprocal") relationships with third party insurance agencies. The Reciprocal looks to differentiate itself to insurance agenci
Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the repurchase of an additional $8.9 million of its 0.75% Senior Unsecured Convertible Notes due September 2026 ("2026 Notes"). As previously disclosed, the board of directors has authorized management to repurchase the remaining $29 million of 2026 Notes in cash in the open market or through privately negotiated transactions. On May 29, 2025, the Company repurchased $8.89 million of 2026 Notes for approximately $8.46 million of cash, or 95% of par, in a privately negotiated transaction. The remaining $21 million of 2026 Notes is expected to be retired usi
Well positioned to address remaining $29 million of the 2026 notes with balance sheet cash and proceeds from the transaction Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the completion of its previously announced refinancing transactions (the "Refinancing Transactions"), retiring all but approximately $29 million of the Company's outstanding 0.75% Convertible Senior Unsecured Notes due 2026 (the "2026 Notes"). In addition, the Company announced that the board of directors has authorized management to repurchase up to the remaining $29 million of 2026 Notes in cash from time to time in the open market
Reduces 2026 Debt Maturity to $29 Million Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced a delevering transaction with the privately negotiated repurchase of $144.3 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2026 (the "2026 Notes") and the concurrent pricing of a private offering of $134.0 million aggregate principal amount of newly issued 9.00% Convertible Senior Unsecured Notes due 2030 of the Company (the "2030 Notes"). These refinancing transactions (the "Refinancing Transactions") are expected to close on May 27, 2025, subject to customary closing conditions. The
Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the continued outstanding performance of Homeowners of America Insurance Company ("HOA"), per the AM Best Market Share Report1, as well as continued exceptional loss ratio performance at HOA and the Porch Reciprocal Exchange in Q1 2025. In 2024, the final year of Porch's ownership of HOA, the carrier was ranked number 1 in Texas for Direct Combined Ratio2 performance among homeowners insurance carrier peers. Additionally, HOA ranked third nationally, its best ever performance. Porch's underwriting strength reflects Porch's unique data advantage including insights into 90
Porch Group, Inc. ("Porch") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: May 8, 2025: Needham Technology, Media & Consumer Conference (Virtual) May 14, 2025: Oppenheimer Non-Deal Roadshow (Toronto) May 15, 2025: Craig-Hallum Non-Deal Roadshow (Virtual) May 16, 2025: Benchmark Fireside Chat (Virtual) May 20, 2025: KBW Real Estate Finance & Technology Conference (Virtual) May 21, 2025: B Riley Securities Annual Investor Conference (Los Angeles) May 28, 2025: Craig-Hallum Institutional Inves
Exceeds Expectations and Increases Guidance Driven by Insurance Services Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today reported first quarter results through March 31, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders1 first quarter 2025 revenue of $84.5 million. Net income attributable to Porch was $8.4 million, and Adjusted EBITDA was $16.9 million, an increase of $33.6 million compared to prior year2. On January 2, 2025, the Porch Reciprocal Exchange ("Reciprocal") was formed as an insurance entity owned by its policyholder-members and not by Porch. Simultane
8-K - Porch Group, Inc. (0001784535) (Filer)
144 - Porch Group, Inc. (0001784535) (Subject)
144 - Porch Group, Inc. (0001784535) (Subject)
8-K - Porch Group, Inc. (0001784535) (Filer)
SCHEDULE 13G/A - Porch Group, Inc. (0001784535) (Subject)
10-Q - Porch Group, Inc. (0001784535) (Filer)
8-K - Porch Group, Inc. (0001784535) (Filer)
DEFA14A - Porch Group, Inc. (0001784535) (Filer)
DEF 14A - Porch Group, Inc. (0001784535) (Filer)
8-K - Porch Group, Inc. (0001784535) (Filer)