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SEATTLE—Shawn Tabak, Chief Financial Officer of Porch Group, Inc. (NASDAQ:PRCH), recently sold 10,000 shares of the company’s common stock. The shares were sold at a weighted average price of $5.3424, generating a total of $53,423. The transaction comes as Porch Group, with a market capitalization of $641 million, trades near its current Fair Value according to InvestingPro analysis.
This transaction was executed under a Rule 10b5-1 trading plan, which Tabak entered into on December 9, 2024. The plan allows for the sale of up to 205,000 shares and is set to terminate on March 31, 2026. The shares were sold in multiple transactions at prices ranging from $5.28 to $5.42 per share. Notably, the stock has shown remarkable strength with a 233% gain over the past six months, though InvestingPro analysis indicates high price volatility remains a key characteristic.
Following this sale, Tabak retains ownership of 218,580 shares of Porch Group stock. The company maintains a "Fair" overall financial health score, according to InvestingPro, which offers 8 additional key insights about PRCH in its comprehensive Pro Research Report, available to subscribers.
In other recent news, Porch Group Inc. has seen several analysts adjust their outlooks following its latest financial results and strategic moves. The company reported a fourth-quarter Adjusted EBITDA of $42 million, surpassing the consensus estimate of $33 million, though its revenue fell short of expectations. This performance has led Keefe, Bruyette & Woods to raise their price target for Porch Group to $6.00 from $3.50, maintaining a Market Perform rating. Similarly, Loop Capital upgraded the stock from "Hold" to "Buy," reaffirming a $6.00 price target, citing strong profitability indicators like an 86% gross profit margin and a 42% EBITDA margin.
Stephens analysts also increased their price target for Porch Group to $10.00 from $8.00, retaining an Overweight rating, due to the company’s strategic focus and streamlined operations. Benchmark analyst Daniel Kurnos echoed this sentiment, raising the price target to $10.00 from $7.00 and reiterating a Buy rating, confident in the company’s leadership and business transformation. Analysts have noted Porch Group’s transition to a Reciprocal Exchange insurance model, aiming to improve financial stability and profit margins.
Porch Group’s management has expressed confidence in maintaining high gross margins and improving EBITDA margins by over 1000 basis points in 2025. Analysts highlight that while the company’s unique structure and high leverage add complexity to its valuation, its strategic initiatives could lead to significant growth. Porch Group has raised its 2025 guidance and reaffirmed its 2026 targets, signaling a positive outlook for the company’s future performance.
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