Published on 28 Aug 2022 on Insider Monkey via Yahoo Finance
Vulcan Value Partners: “Porch (PRCH)’s Operating Performance has Been in Line With Our Expectations”
Vulcan Value Partners, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. All five of the fund's strategies trailed their respective benchmarks during the quarter. The good news is that across its portfolios most of its companies are performing well fundamentally. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.
In its Q2 2022 investor letter, Vulcan Value Partners mentioned Porch Group, Inc. (NASDAQ:PRCH) and explained its insights for the company. Founded in 2011, Porch Group, Inc. (NASDAQ:PRCH) is a Seattle, Washington-based software company with a $234.4 million market capitalization. Porch Group, Inc. (NASDAQ:PRCH) delivered a -84.93% return since the beginning of the year, while its 12-month returns are down by -88.20%. The stock closed at $2.35 per share on August 26, 2022.
Here is what Vulcan Value Partners has to say about Porch Group, Inc. (NASDAQ:PRCH) in its Q2 2022 investor letter: