Porch Group: Insurance Margin Expansion To Drive Upside Potential

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 with the stock currently trading at $2.3, up over 62% since my first coverage, it appears that I might have underestimated PRCH. Nonetheless, despite the very strong 76% price appreciation since last year, YTD performance has been underwhelming. YTD, PRCH is currently down -24% despite having reach ...