Latest news with #PorchGroup
Yahoo
08-07-2025
- Business
- Yahoo
Porch Group, Inc. (PRCH) Is Up 4.24% in One Week: What You Should Know
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Porch Group, Inc. (PRCH), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Porch Group, Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Let's discuss some of the components of the Momentum Style Score for PRCH that show why this company shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For PRCH, shares are up 4.24% over the past week while the Zacks Internet - Software industry is up 2.59% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 14.8% compares favorably with the industry's 0.08% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Porch Group, Inc. Have increased 138.35% over the past quarter, and have gained 600.55% in the last year. In comparison, the S&P 500 has only moved 23.56% and 13.28%, respectively. Investors should also take note of PRCH's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, PRCH is averaging 1,991,823 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with PRCH. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost PRCH's consensus estimate, increasing from -$0.22 to -$0.18 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that PRCH is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Porch Group, Inc. On your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Porch Group, Inc. (PRCH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Porch Group Releases Three New Home Factors Geared Towards Improving Property Risk Segmentation in Home Insurance
SEATTLE, July 02, 2025--(BUSINESS WIRE)--Porch Group ("Porch") announced today the launch of three new interior Home Factors related to signs of water intrusion in the home. These enhancements aim to improve risk segmentation and underwriting precision. The company plans to have over 100 such attributes available by the end of 2025. These insights enable insurers to gain a comprehensive understanding of 90% of properties across the United States. Home Factors is Porch's next-generation property intelligence platform of unique data on both interior and exterior home conditions. Leveraging advanced AI-driven models, the platform transforms this data into actionable insights, empowering insurers to make more informed decisions, refine risk segmentation, and improve underwriting precision. The new home factors focus on one of the most critical areas of property damage. By identifying the presence of water damage in specific areas of the home, insurers can make more informed decisions about pricing, underwriting, and loss prevention. An analysis with third party carriers revealed that properties with water intrusion damage have more than 40% higher claims frequency. "These new Home Factors allow insurers to access more property characteristics and see what's really happening inside a home," said Michelle Taves, VP and Group GM, Data and Marketing. "They provide powerful signals for identifying risk that standard property data simply can't detect. Through both Homeowners of America and now other third-party carriers, we have proven definitively that Home Factors data has a significant impact on being able to better assess and price risk for a given property." "Unique data is a key pillar in Porch's strategy, and we are just getting started in our journey," added Matt Ehrlichman, Founder and CEO of Porch Group. "The expansion of Home Factors from both an internal underwriting and external monetization standpoint remains a key priority for the company, and we are in a good position to deliver on our goal of releasing 100 Home Factors by year-end." For more information about Porch's Home Factors data products, visit: About Porch Group Porch Group, Inc. ("Porch") is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders. To learn more about Porch, visit View source version on Contacts Investor Relations Contact: IR@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-07-2025
- Business
- Business Wire
Porch Group Releases Three New Home Factors Geared Towards Improving Property Risk Segmentation in Home Insurance
SEATTLE--(BUSINESS WIRE)--Porch Group ('Porch') announced today the launch of three new interior Home Factors related to signs of water intrusion in the home. These enhancements aim to improve risk segmentation and underwriting precision. The company plans to have over 100 such attributes available by the end of 2025. These insights enable insurers to gain a comprehensive understanding of 90% of properties across the United States. Home Factors is Porch's next-generation property intelligence platform of unique data on both interior and exterior home conditions. Leveraging advanced AI-driven models, the platform transforms this data into actionable insights, empowering insurers to make more informed decisions, refine risk segmentation, and improve underwriting precision. The new home factors focus on one of the most critical areas of property damage. By identifying the presence of water damage in specific areas of the home, insurers can make more informed decisions about pricing, underwriting, and loss prevention. An analysis with third party carriers revealed that properties with water intrusion damage have more than 40% higher claims frequency. 'These new Home Factors allow insurers to access more property characteristics and see what's really happening inside a home,' said Michelle Taves, VP and Group GM, Data and Marketing. 'They provide powerful signals for identifying risk that standard property data simply can't detect. Through both Homeowners of America and now other third-party carriers, we have proven definitively that Home Factors data has a significant impact on being able to better assess and price risk for a given property.' 'Unique data is a key pillar in Porch's strategy, and we are just getting started in our journey,' added Matt Ehrlichman, Founder and CEO of Porch Group. 'The expansion of Home Factors from both an internal underwriting and external monetization standpoint remains a key priority for the company, and we are in a good position to deliver on our goal of releasing 100 Home Factors by year-end.' For more information about Porch's Home Factors data products, visit: About Porch Group Porch Group, Inc. ('Porch') is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders. To learn more about Porch, visit
Business Wire
18-06-2025
- Business
- Business Wire
Porch Group Announces a Renewed Partnership with Goosehead Insurance
SEATTLE--(BUSINESS WIRE)--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, commission and fee-based operator, we are thrilled to be growing premiums and leveraging our unique data to ensure better risk selection at the Reciprocal,' said Matt Ehrlichman, Founder and CEO of Porch Group. 'We have long considered Goosehead as both an important partner and an innovator in the industry, and we are excited to have the opportunity to deepen the relationship on a go-forward basis." 'We're renewing our partnership with Homeowners of America and expanding it to include the new Porch Insurance product,' said Mark Miller, President and CEO of Goosehead Insurance. 'This collaboration allows us to enhance product offerings for our clients, starting with the Porch Insurance product launch in Texas. By aligning our efforts, we're creating a path forward that should deliver unique home protection and innovative pricing solutions.' About Porch Group Porch Group, Inc. ('Porch') is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders. To learn more about Porch, visit About Goosehead Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 200 insurance companies that underwrite personal and commercial lines. For more information, please visit or
Yahoo
18-06-2025
- Business
- Yahoo
Porch Group Announces a Renewed Partnership with Goosehead Insurance
SEATTLE, June 18, 2025--(BUSINESS WIRE)--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, commission and fee-based operator, we are thrilled to be growing premiums and leveraging our unique data to ensure better risk selection at the Reciprocal," said Matt Ehrlichman, Founder and CEO of Porch Group. "We have long considered Goosehead as both an important partner and an innovator in the industry, and we are excited to have the opportunity to deepen the relationship on a go-forward basis." "We're renewing our partnership with Homeowners of America and expanding it to include the new Porch Insurance product," said Mark Miller, President and CEO of Goosehead Insurance. "This collaboration allows us to enhance product offerings for our clients, starting with the Porch Insurance product launch in Texas. By aligning our efforts, we're creating a path forward that should deliver unique home protection and innovative pricing solutions." About Porch Group Porch Group, Inc. ("Porch") is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders. To learn more about Porch, visit About Goosehead Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 200 insurance companies that underwrite personal and commercial lines. For more information, please visit or View source version on Contacts Investor Relations Contact: IR@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
