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Shares of home services and InsurTech platform Porch Group have fallen by over 80% since mid-November 2021, as the market continues to shun unprofitable high-growth businesses. The company grew its revenue 166% in FY21 – driven largely by acquisitions – but won't be profitable until 2H23.
Porch Group, Inc.'s (PRCH) CEO Matt Ehrlichman on Q4 2021 Results - Earnings Call Transcript
SEATTLE, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, will hold a conference call and webinar on Tuesday, March 1, 2022 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2021. Financial results will be issued in a press release prior to the call.
Justin Ages, Berenberg analyst, joins 'The Exchange' to discuss why he is bullish on Porche Group.
Porch Group Inc (NASDAQ: PRCH) has had a rough couple of months with the stock down about 45% since November 16th, which makes up for a great opportunity to buy it at a discount, says Berenberg's Justin Ages. Ages' comments on CNBC's ‘The Exchange' According to Ages, Porch is a smart pick for investors interested […] The post Is Porch Group undervalued?