porch is a home services platform, free for homeowners and home professionals including experts. with over 3.8 million professionals, hundreds of experts, and over 135 million projects, porch enables homeowners to make smart home improvement decisions by giving them the information they need to find the right professionals, get inspiration, and manage their home. porch is available online, through its app and serves as the in-store resource for all lowes in over 1,700 lowe’s home improvement stores across the u.s. for more information about porch, visit http://porch.com
Company profile
Ticker
PRCH
Exchange
Website
CEO
Joseph M. Beck / Thomas D. Hennessy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
PropTech Acquisition Corp
SEC CIK
Corporate docs
Subsidiaries
PORCH GROUP, INC. • American Home Protect, LLC • Americas Call Center, LLC • DataMentors, LLC • Elite Insurance Group, Inc. • Floify LLC • Guardian Small Business Consulting and Financial Services LLC • Hilltop HoldCo LLC • Hire A Helper LLC • Homeowners of America Holding Corporation ...
IRS number
842587663
PRCH stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
9 Apr 24
8-K
Other Events
28 Mar 24
S-3
Shelf registration
15 Mar 24
S-8
Registration of securities for employees
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Porch Group Reports Fourth Quarter 2023 Results
7 Mar 24
8-K
Results of Operations and Financial Condition
12 Feb 24
8-K
Porch Group Receives $25m with Signing of Strategic Agreement with Aon
25 Jan 24
8-K
Other Events
27 Nov 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
Transcripts
PRCH
Earnings call transcript
2023 Q4
7 Mar 24
PRCH
Earnings call transcript
2023 Q3
7 Nov 23
PRCH
Earnings call transcript
2023 Q2
8 Aug 23
PRCH
Earnings call transcript
2023 Q1
10 May 23
PRCH
Earnings call transcript
2022 Q4
14 Mar 23
PRCH
Earnings call transcript
2022 Q3
9 Nov 22
PRCH
Earnings call transcript
2022 Q2
10 Aug 22
PRCH
Earnings call transcript
2022 Q1
11 May 22
PRCH
Earnings call transcript
2021 Q4
2 Mar 22
PRCH
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
4
Matt Ehrlichman
9 Apr 24
4
Shawn Tabak
9 Apr 24
4
Matthew Neagle
9 Apr 24
4
Matt Ehrlichman
3 Apr 24
4
Matthew Neagle
3 Apr 24
4
Shawn Tabak
28 Mar 24
144
Notice of proposed sale of securities
26 Mar 24
4
Shawn Tabak
22 Mar 24
144
Notice of proposed sale of securities
21 Mar 24
144
Notice of proposed sale of securities
20 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 361.71 mm | 361.71 mm | 361.71 mm | 361.71 mm | 361.71 mm | 361.71 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.88 mm | 19.90 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 12.53 mm | 132.88 mm | n/a | n/a |
Cash remaining | n/a | n/a | 349.19 mm | 228.83 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 186.1 | 11.5 | n/a | n/a |
Institutional ownership, Q3 2023
55.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 79 |
Opened positions | 8 |
Closed positions | 26 |
Increased positions | 16 |
Reduced positions | 34 |
13F shares | Current |
---|---|
Total value | 39.21 bn |
Total shares | 54.40 mm |
Total puts | 39.90 k |
Total calls | 231.80 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Granahan Investment Management | 10.61 mm | $8.52 bn |
Vanguard | 5.80 mm | $4.65 bn |
Villere ST Denis J & Co | 4.98 mm | $3.99 bn |
FNF Fidelity National Financial | 4.70 mm | $3.77 bn |
Park West Asset Management | 4.39 mm | $3.86 mm |
FMR | 3.26 mm | $2.62 bn |
Falcon Edge Capital | 2.84 mm | $2.28 bn |
Luminus Management | 2.28 mm | $1.83 bn |
Jacob Asset Management Of New York | 1.91 mm | $1.53 bn |
BLK Blackrock | 1.27 mm | $1.02 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Apr 24 | Matthew Neagle | Common Stock | Payment of exercise | Dispose F | No | No | 4.34 | 19,183 | 83.25 k | 1,478,185 |
5 Apr 24 | Matthew Neagle | Common Stock | Grant | Acquire A | No | No | 0 | 231,410 | 0.00 | 1,497,368 |
5 Apr 24 | Matt Ehrlichman | Common Stock | Payment of exercise | Dispose F | No | No | 4.34 | 45,502 | 197.48 k | 13,621,477 |
5 Apr 24 | Matt Ehrlichman | Common Stock | Grant | Acquire A | No | No | 0 | 520,672 | 0.00 | 13,666,979 |
5 Apr 24 | Shawn Tabak | Common Stock | Payment of exercise | Dispose F | No | No | 4.34 | 4,235 | 18.38 k | 351,328 |
5 Apr 24 | Shawn Tabak | Common Stock | Grant | Acquire A | No | No | 0 | 63,252 | 0.00 | 355,563 |
1 Apr 24 | Matt Ehrlichman | Common Stock | Payment of exercise | Dispose F | No | No | 4.15 | 6,581 | 27.31 k | 13,146,307 |
1 Apr 24 | Matt Ehrlichman | Common Stock | Payment of exercise | Dispose F | No | No | 4.15 | 14,444 | 59.94 k | 13,152,888 |
1 Apr 24 | Matt Ehrlichman | Common Stock | Payment of exercise | Dispose F | No | No | 4.15 | 3,612 | 14.99 k | 13,167,332 |
1 Apr 24 | Matthew Neagle | Common Stock | Payment of exercise | Dispose F | No | No | 4.15 | 7,623 | 31.64 k | 1,265,958 |
News
Stephens & Co. Reiterates Overweight on Porch Group, Maintains $6 Price Target
11 Apr 24
12 Information Technology Stocks Moving In Thursday's After-Market Session
4 Apr 24
Signet Jewelers, Dave & Buster's Entertainment, Blue Owl Capital And Other Big Stocks Moving Higher On Wednesday
3 Apr 24
Cantor Fitzgerald Maintains Overweight on Porch Group, Raises Price Target to $5
3 Apr 24
Keefe, Bruyette & Woods Maintains Market Perform on Porch Group, Raises Price Target to $3.75
22 Mar 24
Press releases
Porch Group Announces Inspection Product Enhancements and Price Increases
9 Apr 24
Porch Group Attendance At Various Upcoming Investor Events
14 Mar 24
Thinking about buying stock in Skywater Technology, Orion Group, NKGen Biotech, Porch Group, or AeroVironment?
11 Mar 24
Floify introduces flexible pricing with the introduction of Lender Edition
11 Mar 24
Floify introduces flexible pricing with the introduction of Lender Edition
11 Mar 24