Added to YB: 2026-04-02
Pitch date: 2026-02-11
PRCH [bullish]
Porch Group, Inc.
-21.84%
current return
Author Info
No bio for this author
Company Info
Porch Group, Inc. develops and sells software and data solutions, manages insurance services, and provides consumer services related to homeownership in the United States.
Market Cap
$732.4M
Pitch Price
$9.37
Price Target
18.85 (+163%)
Dividend
N/A
EV/EBITDA
15.94
P/E
-212.87
EV/Sales
2.06
Sector
Software
Category
growth
Porch Group, Inc. - $PRCH
PRCH: Launched PIRE reciprocal exchange in early 2025, generating high-margin recurring fees (20% of GWP) w/o CAT risk. Proprietary home inspection data (90 Home Factors model) enables superior underwriting vs peers. 54% premium-to-rev conversion, 18% premium-to-EBITDA (vs 3-4% for agencies). FY25 EBITDA raised twice to $70M (from $50M guide), FY26 $100M+ expected. $152M surplus supports $350M EBITDA potential (3.7x fwd multiple vs 13x current). Risks: young mgmt, short PIRE history, $334M converts due 2028, CAT exposure at reciprocal
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