Porch Group: Insurance Margin Expansion To Drive Upside Potential

Tech and Growth
3.51K Followers

Summary

  • PRCH stock has seen strong price appreciation, up over 62% since initial coverage, but YTD performance has been underwhelming.
  • The insurance segment is PRCH's largest and fastest-growing business, and improvements in this segment could positively affect share performance.
  • PRCH's Q1 results showed positive trends in insurance metrics, and the company's data advantages could unlock more upside in the insurance business.

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It has been almost a year since my first coverage of Porch Group (NASDAQ:PRCH), a company developing vertical software platforms and services to home service industries. I rated the stock neutral at the time, and

This article was written by

3.51K Followers
We're a long-only asset manager allocating into tech and growth asset classes. Learn more at www.tnginvestments.com

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PRCH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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