Porch Group, Inc., together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in home-related product and service industries, including insurance, mortgage software, title insurance software, warranty, moving services, inspection software, home repair, and marketing, financial, and other software for home services companies. It also provides insurance and warranty products to protect their homes; and property-related insurance, whole-home, 90-day, service line, and extended labor warranties under the Porch Warranty, American Home Protect, and Residential Warranty Services brands. In addition, the company offers software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services. Further, it provides inspection software and services, mortgage software, moving services, mover and homeowner marketing, and measurement software for roofers. The company was founded in 2011 and is headquartered in Seattle, Washington.
Future Prospects | Delve into Porch Group's potential for expansion, cross-selling opportunities, and the development of integrated tech-driven solutions in the home services and insurance markets |
Market Dynamics | Explore how Porch Group capitalizes on the growing InsurTech sector, benefiting from multiple appreciation and increased investor interest in technology-driven insurance solutions |
Financial Momentum | Strong Q4 2023 results and positive Q1 2024 projections fuel analyst optimism, with price targets revised upward from $3.00 to $5.00 |
InsurTech Innovato | Porch Group emerges as a key player in the InsurTech sector, offering innovative solutions for home service companies and positioning itself for significant growth |
Metrics to compare | PRCH | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipPRCHPeersSector | |
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P/E Ratio | −100.5x | −10.9x | 11.4x | |
PEG Ratio | −1.12 | −0.03 | 0.01 | |
Price / Book | −21.2x | 3.9x | 2.4x | |
Price / LTM Sales | 2.6x | 3.8x | 2.0x | |
Upside (Analyst Target) | 11.3% | 62.9% | 25.2% | |
Fair Value Upside | Unlock | −2.4% | 6.5% | Unlock |