Werba Rubin Papier Wealth Management Has $538,000 Stock Holdings in Porch Group, Inc. (NASDAQ:PRCH)

Werba Rubin Papier Wealth Management lessened its holdings in Porch Group, Inc. (NASDAQ:PRCH) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,286 shares of the company’s stock after selling 36,364 shares during the period. Werba Rubin Papier Wealth Management owned approximately 0.09% of Porch Group worth $538,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in Porch Group by 5,776.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,640 shares of the company’s stock worth $33,000 after buying an additional 6,527 shares during the last quarter. Rik Saylor Financial Inc. bought a new stake in shares of Porch Group during the fourth quarter valued at approximately $49,000. GAMMA Investing LLC bought a new stake in shares of Porch Group during the fourth quarter valued at approximately $50,000. Zacks Investment Management bought a new stake in shares of Porch Group during the third quarter valued at approximately $32,000. Finally, Caprock Group LLC bought a new stake in shares of Porch Group during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 48.48% of the company’s stock.

Porch Group Trading Up 8.3 %

Shares of PRCH stock opened at $5.21 on Wednesday. Porch Group, Inc. has a 1 year low of $1.05 and a 1 year high of $6.03. The firm’s fifty day moving average price is $4.84 and its two-hundred day moving average price is $3.05. The firm has a market capitalization of $622.80 million, a P/E ratio of -7.44 and a beta of 2.03.

Analyst Upgrades and Downgrades

PRCH has been the topic of several research analyst reports. Craig Hallum increased their price target on shares of Porch Group from $4.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer raised their price objective on shares of Porch Group from $4.00 to $7.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Benchmark reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Porch Group in a research note on Tuesday, October 29th. Stephens raised their price objective on shares of Porch Group from $4.00 to $5.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Loop Capital reiterated a “hold” rating and issued a $6.00 target price on shares of Porch Group in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Porch Group currently has an average rating of “Moderate Buy” and a consensus target price of $5.34.

Insider Transactions at Porch Group

In related news, CFO Shawn Tabak sold 21,774 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $6.00, for a total value of $130,644.00. Following the transaction, the chief financial officer now owns 287,839 shares in the company, valued at approximately $1,727,034. This represents a 7.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.46% of the stock is owned by company insiders.

About Porch Group

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.