Keefe, Bruyette & Woods Maintains Market Perform Rating for Porch Group: Here's What You Need To Know

Keefe, Bruyette & Woods has decided to maintain its Market Perform rating of Porch Group PRCH and lower its price target from $2.00 to $1.50.

Shares of Porch Group are trading down 5.15% over the last 24 hours, at $1.29 per share.

A move to $1.50 would account for a 16.28% increase from the current share price.

About Porch Group

Porch Group Inc provides vertical software platforms and services to home service industries. It offers software and services to home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. The company primarily generates revenue from fees received for connecting homeowners to customers in its referral network, which consists of individual contractors, small businesses, and large enterprises.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.